SAS 70 Type II Audit

The Statement on Auditing Standards No. 70 or SAS 70 is a widely accepted auditing standard issued by the American Institute of Certified Public Accountants (AICPA). An auditor's examination performed in accordance with SAS No. 70 ("SAS 70 Audit") includes an in-depth audit of the subject organization's control objectives and activities - often including controls over information technology and related processes. Undergoing such an audit is widely recognized as a mark of an organization's commitment to controlling risk in all aspects of their objectives and activities.

There are two types of SAS 70 reports, Type I and Type II. The Type I report gives an account of the controls in place at the time of the report. The Type II report is a more thorough documentation of each control measure in place and its effectiveness in limiting risk over a time period exceeding several months. Both reports provide a description of the organization's controls and an opinion, provided by the independent auditor, as to whether or not the controls are suitably designed to achieve the specified control objectives.

Faith Direct completes an annual SAS 70 Type II report which thoroughly examines the controls in place in our program's procedures to ensure that the control objectives designed by the independent auditors were achieved during the time period of the audit. The controls implemented by Faith Direct satisfy every control objective outlined by the independent SAS 70 auditor. The resulting report contains what is known as an unqualified opinion expressing that Faith Direct has taken the precautions to limit risk in all aspects of their operation.

For more information on the SAS 70 audit please follow the link below.
http://www.sas70.com/

To request a copy of the Faith Direct SAS 70 Type II audit please click here to contact a Faith Direct representative.

Insurance

Faith Direct maintains the following insurance policies through the Hartford company.

• General Liability
• Errors and Omissions
• Crime

For more specific information, or certification requests, please click here to contact a Faith Direct representative.

Faith Direct employees are subject to complete criminal and credit background checks to limit the risks for criminal activities. The Crime Policy maintained specifically covers the following insuring agreements:

• Employee Theft
• Depositors Forgery and Alteration
• Theft, Disappearance and Destruction of money, securities and other property
• Computer and Funds Transfers Fraud

Privacy

Faith Direct will only share information with the organization to which enrolled members are giving so that it may accurately record member contributions. Faith Direct will never rent, sell, exchange or lend your personal information to any other third party.

View our full Privacy Policy here.