Centershift, a provider of web-based management software for the self-storage industry, successfully completed a Statement on Auditing Standards No. 70 (SAS 70), which examined the company and its STORE application. The audit, performed by Grant Thornton LLP, was conducted over a six-month period and tested the operating effectiveness of STORE’S general controls as they relate to financial transactions and security.
The SAS 70 is an internationally recognized auditing standard developed by the American Institute of Certified Public Accountants. It allows service organizations to disclose their control activities and processes to their customers and customers' auditors in a uniform reporting format. A successful SAS 70 signifies that a company has had its control objectives and activities examined by an independent accounting and auditing firm.
“We are the first software company in the self-storage industry to successfully complete an SAS 70,” said Terry Bagley, president and CEO. “Our clients now have credible assurance that they can use our application with confidence, and that we fully support our publicly held clients’ Sarbanes-Oxley requirements.”
STORE features tools for transaction handling, reporting, data integration, and rate and yield management. It also provides real-time data access, enabling users to securely monitor and perform transactions from any Internet connection. For more information, visit www.centershift.com.