SAS70 Success: Pegasus TransTech Successfully Completes SAS 70 Audit

... "Pegasus TransTech, a leading provider of products and services that facilitate global commerce, announced today that it has successfully completed a voluntary service audit of its TRANSFLO Express and TRANSFLO ASP operations. The SAS 70 audit followed American Institute of Certified Public Accountants (AICPA) guidelines for the professional standards used by a service auditor to assess the internal controls of a service organization. The resulting audit report addresses all five components of internal control outlined in the Sarbanes-Oxley legislation: the control environment, risk assessment activities, control activities, information and communication systems, and monitoring activities. Pegasus management chose to undergo the audit as a measure of accountability to the company's customers, including those who have Sarbanes-Oxley compliance programs. " ...