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The Network, Inc. Announces SAS 70 Compliance – Extensive Evaluation Validates Company's Internal Controls

Norcross, Georgia – January 19, 2007

The Network, the leading provider of ethics and compliance hotline programs for nearly 25 years, announced that independent firm Porter, Keadle and Moore (PKM) has conducted a service auditor's review, commonly known as a SAS 70 audit. The review states that The Network, Inc. is SAS 70 Type I compliant as of November, 2006.

The SAS (Statement on Auditing Standards) 70 compliance is an internationally recognized standard developed by the American Institute of Certified Public Accountants. This means that The Network, Inc. has implemented controls that are suitably designed to achieve the specified control objectives and activities and that The Network, Inc.’s services are delivered per their service level agreements.

The Network, Inc.’s control objectives evaluated by PKM include the following business areas:
  • Client Services processes and methods
  • Business systems and applications security
  • IT control systems
  • Contact center processes and methods
  • Human resources policies and practices
PKM evaluated the control objectives for The Network, Inc.’s business operating areas through a review of documented control procedures, verifying the existence of the processes and analyzing the output of each process.

“The successful completion of the SAS 70 audit demonstrates our commitment to provide secure, reliable and effective operations,” said Tony Malone, CEO, The Network, Inc. “The Network s’ SAS 70 certification assures clients that our operational processes and controls meet superior standards of security and reliability."

SAS 70 is identified in Section 404 of the Sarbanes-Oxley Act to assist companies reliant on service organizations for functions related to reporting. A SAS 70 report focuses on a service organization's control activities – including management of IT and related processes.

About The Network, Inc.

The Network, Inc. has helped clients collect information and address critical issues such as ethics, risk management and service quality for nearly 25 years. The company provides global services such as hotlines, insurance claim reporting and employee communications to thousands of organizations spanning every industry, including nearly 50% of the Fortune 500. For more information, visit www.tnwinc.com.
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