Organizations increasingly outsource technology and business processes to service organizations. However, although the technology and processes are outsourced, the risk is not. As the trend in outsourcing and off shoring continues to expand, user organizations will be seeking an increased level of assurance over the integrity of the service organization’s control environment. In addition, with the recent introduction of new regulatory and compliance requirements, many organizations are struggling to understand, react, and respond to the implications of these standards.
-Gaining efficiency in audit and compliance activities by combining assurance and audit suppliers
-Confidence in the market due to transparency of control environment
-Strengthening and refinement of internal control environment resulting from independent assurance examinations