GTM IS SAS-70 TYPE II COMPLIANT

Setting the bar for industry best practices among independent payroll service providers, GTM has voluntarily and proactively taken steps to remain up-to-date with accounting standards – offering clients and client-partners added “peace-of-mind” – as the company continually strives to address the current and future needs of its accounting and financial services partners.

SAS-70 continued endorsement provides GTM Clients with credible proof that their critical data is secure. The recognition of GTM's industry leading solutions supports the company's on-going commitment to provide operational excellence with the highest levels of security, accuracy and reliability. Each independent endorsement of GTM products and services reassures clients that GTM is positioned to scale businesses operations with the highest levels of performance, and committed to keeping services at the forefront of best practices.

A SAS-70 Type II report not only includes the service organization's description of controls, but also includes detailed testing of the service organization's controls.

SAS 70 is designated by the U.S. Securities and Exchange Commission (SEC) as an acceptable method for management to obtain assertions about service organization internal controls without conducting separate assessments. In addition, the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 make SAS 70 reports even more important to the process of reporting on effective internal controls by public companies.

Unlike other payroll service organizations which have decided against a SAS-70 audit, GTM clearly defined the control objectives to encompass examination of controls from the organization’s network security and payroll/tax processing to new employee hiring practices, physical security surrounding data centers, offsite storage of backup data handling, etc.

The audit of GTM Payroll Services Inc. was completed by a nationally-recognized, independent auditing firm with extensive experience in examining payroll service bureau organizations, for control objectives and activities throughout the organization, as they relate to processes and procedures effective October 2008.

Click here for more information on GTM's SAS-70 certification

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