Counter Strike
SAS 70 Pricing - Our Model
The increasing demand and necessity of SAS 70 (Statement on Auditing Standard No. 70) audits on service organizations has created a need to develop a fundamentally different costing model for these services. Historically, nationally recognized accounting firms, commonly known as the big four, have used their sheer presence to successfully attain clients in need of this specialized audit. Initially, SAS 70 audits were primarily performed on large service organizations, who had limited options when choosing a service auditor. As expected, fees were excessive and the overall value from these engagements was considered questionable at times. However, the increased role of technology within corporations, coupled with growing outsourcing trends has totally transformed the landscape for SAS 70 services.
No longer are SAS 70 audits only for the large, well-known service organizations. They must now be conducted on almost every type of business whose primary or secondary function is that of handling, procuring, facilitating, processing, or residing data or conducting a process or some other type of function for an organization.
Our Model
Because times have changes, so should the pricing structure. Nationally recognized accounting firms have failed to provide an adaptive model that includes cost-effective fees and a more efficient audit process.
Conversely, Bambeck & O'Connor understands the complex dynamics of this specialized audit, and has developed customized templates for each specific industry, ultimately allowing us to pass the savings on to your organization. We will not staff the engagement with additional personnel, nor will we try to cross-sell different products and services to you, as is often the case with big, national firms.
We focus primarily on SAS 70 audits and related services; therefore, we don’t look to garner increased revenue streams from additional consulting engagements, such as business valuations or traditional financial statement audits. Our prices are a fixed rate, which also includes all travel and related expenses, unlike other firms, which bill you at an hourly rate and for all out-of-pocket-expenses. The problem with hourly rates is the uncertainty of the true cost of the engagement, since only approximations of job completion are given. Furthermore, expenses such as meals and travel can be very costly, and many organizations fail to include these “ancillary” or “minor” costs into the total price.
