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NaviSite Successfully Completes SAS 70 Type II Audit: Hosting service supports Sarbanes-Oxley Reporting Requirements

NaviSite Successfully Completes SAS 70 Type II Audit: Hosting service supports Sarbanes-Oxley Reporting Requirements

by Rick Turoczy on November 16, 2004

NaviSite, Inc. (NASDAQ SC: NAVI), a leading provider of managed application services and a broad range of outsourced hosting services for middle-market organizations, announced today that it has successfully completed a SAS 70 (Statement on Auditing Standards No. 70) Type II Audit. The SAS 70 Audit was performed by a nationally recognized public accounting firm.

Successful completion of SAS 70 Type II audit indicates that NaviSite’s processes, procedures and general controls have been formally reviewed. The systems and processes evaluated in this audit include security monitoring, change management, problem management, backup and environmental controls, logical and physical access.

NaviSite was able to satisfy the requirement of the SAS 70 Type II audit, which places the highest level of scrutiny under SAS No. 70 on the company’s operational controls and procedures. SAS No. 70, Service Organizations, is an internationally recognized auditing standard developed by the American Institute of Certified Public Accountants (AICPA). A SAS 70 Type II Audit is an in-depth analysis of a service organization’s control over information technology and related processes and is often required by public companies for compliance requirements or other companies that want assurance that processes, procedures, and general controls meet the industry’s highest standards and best practices. NaviSite is committed to maintaining a semi-annual audit program to provide our customers with current audit results, thus accommodating the varying fiscal year ends of our customers.

NaviSite Successfully Completes SAS 70 Type II Audit: Hosting service supports Sarbanes-Oxley Reporting Requirements

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