Ceridian has successfully achieved an 'unqualified opinion' Statement on Auditing Standards (SAS) No. 70 Type II Report for its operations in the UK and for its London-based multinational service centre back office support processes. This SAS 70 Type II Report follows similar reports already received by Ceridian in the USA and Canada.
Companies owned by a US parent, or who are listed on the New York stock exchange, have to provide independent evidence that their service providers operate effective financial controls satisfying the standards set out by the Sarbanes-Oxley (SOX) Act of 2002.
This a significant achievement for Ceridian, gained at our first attempt. We are one of the front-runners in achieving this report in the UK. It enhances our reputation and is testament to the internal financial and information security controls we have in place. This 'unqualified opinion' should also be of considerable encouragement to our existing and prospective customers.Doug Sawers, managing director of Ceridian in the UK
A SAS 70 Type II Report not only covers a service organisation's description of controls but also includes detailed testing over a specified period. An 'unqualified report' means a service auditor has identified no deficiencies in internal controls.