Friday, December 10, 2004

Core3 Earns SAS 70 Certification

Core3, a business process outsourcing firm specializing in finance and accounting, human resources and information technology outsourcing services, announced today that it has achieved SAS 70 Certification for its Delhi, India Service Center. PricewaterhouseCoopers conducted the thorough audit of the design, implementation and operating effectiveness of Core3’s internal controls.

“The SAS 70 certification ensures our clients that our outsourcing environment is stable and reliable and will also effectively meet the requirements of their auditors,” Gregg Scoresby, Chief Executive Officer of Core3, Inc. said.

SAS 70 stands for Statement of Accounting Standards No. 70 for Service Organizations, and is issued by the American Institute of Certified Public Accountants (AICPA). SAS 70 Reports have become a valuable tool for Sarbanes-Oxley compliance and other audit-related purposes. In a report issued earlier this year, the Securities and Exchange Commission (SEC) stated, “In situations where management has outsourced certain functions to third-party service providers, management maintains a responsibility to assess the controls over the outsourced operations. However, management would be able to rely on the SAS 70 report.”

Core3 Earns SAS 70 Certification

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