With increasing regulatory mandates and guidelines for businesses, companies looking to improve profitability by outsourcing internal operations must have confidence in the reliability of financial reporting, the effectiveness and efficiency of their operations, and in their compliance with applicable laws and regulations. SAS 70 Type II certification represents the gold standard for companies providing outsourcing services in today's complex business environment.
Ryan’s rapidly growing Transaction Tax Compliance practice supports millions of transactions annually for premier companies across the United States, applying best practices to improve efficiency and effectiveness, while ensuring that these companies pay only their fair share of tax. This SAS 70 Type II certification is an important milestone in the continued growth of the practice.
“Ryan’s innovative approach to tax is recognized throughout the industry, and this SAS 70 Type II certification related to our business processes and controls in the area of transaction tax compliance strengthens our market leadership position,” said Dena Hall, Ryan Principal and Transaction Tax Compliance Practice Leader.
“This SAS 70 Type II certification demonstrates Ryan’s commitment to adhering to the most rigorous processes and protocols when managing our client’s transaction tax compliance operations,” said G. Brint Ryan, CEO and Managing Principal of Ryan. “Our best practices and standards for improving the effectiveness of transaction tax compliance have been validated, and I am confident that this certification will add even more industry-leading organizations to our transaction tax compliance client roster.”
The Statement on Auditing Standards No. 70: Service Organizations, commonly abbreviated as SAS 70, is an auditing statement issued by the Auditing Standards Board of the American Institute of Certified Public Accountants (AICPA). SAS 70 defines the professional standards used by a service auditor to assess the internal controls of a service organization providing outsourcing services that impact the control environment of its customers, and issue a service auditor’s report.
Ryan, an award-winning global tax services and software provider, is the largest Firm in the world dedicated exclusively to business taxes. With global headquarters in Dallas, Texas, the Firm provides an integrated suite of federal, state, local, and international tax services on a multijurisdictional basis, including tax recovery, consulting, advocacy, compliance, and technology services. Ryan is an 11-time recipient of the International Service Excellence Award from the Customer Service Institute of America (CSIA) for its commitment to world-class client service. Empowered by the dynamic myRyan work environment, which is widely recognized as the most innovative in the tax services industry, Ryan’s multidisciplinary team of more than 4,700 professionals and associates serves over 29,000 clients in more than 75 countries, including many of the world’s most prominent Global 5000 companies. More information about Ryan can be found at ryan.com.
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