SOMERSET, N.J., Dec. 16, 2010 /PRNewswire/ -- Core Services Corporation ("Core Services"), an Oracle Platinum Partner and leading global Oracle full service provider, is pleased to announce that for the eighth consecutive year it has met the requirements for annual compliance under the guidelines of the American Institute of Certified Public Accountants' Statement on Auditing Standards No. 70 ("SAS 70"). And, most impressively, as in the past, the audit was unqualified with no exceptions on controls placed in operation or tests of operating effectiveness. This comprehensive "Type II" audit was conducted by New York-based accounting and consulting firm, Eisner LLP.
Why Statement on Auditing Standard No. 70 ("SAS 70")
The SAS 70 is one of the most recognized and thorough auditing standards developed to examine service organizations such as Core Services. An independent certified public accounting firm performs the SAS 70 audit by examining the controls and processes involved in storing, handling, and transmitting data. The successful completion of an unqualified audit is tangible proof of an organization's ongoing commitment to create and maintain suitable controls for the protection and security of its customers' confidential information.
"Compliance with the SAS 70 audit report is crucial in our industry, giving an ongoing comfort level to Core Services' current clients and potential clients," reports Jim Bistis, President and CEO of Core Services. "At Core Services we provide comprehensive managed data center services, and this audit takes an in-depth look at how we handle and control the security and infrastructure of our clients' environments," explains Bistis, who continues, "This includes the management and monitoring of information systems for reliability, handling of database and applications security, and infrastructure change management. With eight consecutive years of successful certification after rigorous review, Core Services has time and time again demonstrated our strict adherence to the audit standard guidelines, ensuring our client's data is secure."
"With the vast increase over the past decade of internet savvy companies and online business applications, there have been enormous changes in the way companies' data is accessed and transmitted," says Bistis, who concludes, "As a result, the SAS 70 audit is now an integral part of business proposals and contract renewal requirements. A failure to maintain SAS 70 compliance as a hosting service provider would have a significant detrimental impact upon potential and current business relationships. At Core Services, our 12-year track record as a successful Oracle managed services leader, combined with our consistent exception-free audits, distinguishes us from our competitors by underscoring our discipline, experience, and commitment to excellence."
About Core Services:
Core Services Corporation, an Oracle Platinum Partner, delivers Oracle-based business operations solutions and information systems and support to clients worldwide by providing award-winning Oracle Hosting and Consulting services. Additionally, Core Services is authorized to sell and service Oracle E-Business Suite, leveraging the Oracle Business Accelerators. Focused exclusively on Oracle Applications since 1990, Core Services also offers Managed, Remote DBA, Disaster Recovery, and Consulting services for new Oracle implementations and upgrades. For more information about Core Services, visit http://www.coreservices.com.
Oracle and Java are registered trademarks of Oracle Corporation.
Jennifer A. Lasida
Director of Marketing and Events
Core Services Corporation
SOURCE Core Services Corporation