SAS 70 Audits Sample Clauses
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SAS 70 Audits. (a) Annually during the Term, Servicer shall cause TSYS (or any successor subcontractor) to retain an independent auditor (each, an “Third Party Auditor”) to perform an audit or series of audits, each of which audit(s) shall conform to the American Institute of Certified Public Accountants Statements or Auditing Standards No. 70 Type II (such audit(s), together with the audit referred to in subsection (b) below, referred to herein collectively as the “SAS 70”) or any successor or substitute statement adopted by the American Institute of Certified Public Accountants, of the control activities and processes maintained by TSYS (or any successor subcontractor) to provide the services then being provided by it in connection with this Agreement.
(b) On the Effective Date, Servicer shall provide Bank a copy of the SAS 70 report resulting from the most recent SAS 70 audit conducted with respect to TSYS (or any successor subcontractor), and shall thereafter promptly after receipt of each SAS 70 report resulting from an annual SAS 70 audit with respect to TSYS (or any successor subcontractor) provide Bank a copy of such report. Servicer will also update Bank on issues of concern identified in each SAS 70 audit of TSYS (or any successor subcontractor), and will keep Bank updated on progress towards resolution.
(c) Bank may ask questions of Servicer concerning the SAS 70 audits and the SAS 70 reports provided under this section, which Servicer shall promptly investigate and answer. Servicer will discuss and resolve with TSYS (or any successor subcontractor) any areas of concern raised by Bank.
(d) At all times during the Term each Third Party Auditor shall be a nationally (United States) recognized auditing firm.
SAS 70 Audits. To the extent Vendor is performing Hosting Services or Business Process Outsourcing Services, at least annually, at no additional charge to Customer, Vendor shall provide to Customer a copy of a SAS 70 Type II report, or the successor report, for the twelve (12) months ending September 30, with the first report being provided for the twelve (12) months ending September, following the first Commencement Date. Vendor shall deliver to Customer such final report as soon as possible after December 1, but no later than December 31. Such report shall be prepared by a nationally recognized firm for Vendor’s facility or facilities from which it (including, as applicable, its Affiliates and subcontractors) is providing Services. Such reports provided by Vendor under this Section shall be considered Vendor Confidential Information. Vendor may redact from such reports, those portions containing confidential information of third parties.
SAS 70 Audits. For each calendar year of the Term, Supplier shall engage an external auditor to conduct an end-to-end Type II SAS 70 audit covering a period of six months, for environmental controls at each of the Supplier Facilities covering physical security, IT security, training and human resource, and a report shall be published annually. Supplier shall promptly provide to Advanta’s auditors copies of each Type II SAS 70 audit report in connection with the Services obtained by Supplier after the Effective Date. In the event Advanta determines that another form of independently audited quality certification (such as independently audited and certified ISO9001-2000 accreditation or a comprehensively implemented Six Sigma program) offered by Supplier is adequate for Advanta to satisfy its ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Requirements or other reporting requirements, then Supplier will, upon Advanta’s request, provide copies of such documentation relating to such quality certification that Advanta deems relevant. In the event that a Type II SAS 70 audit is conducted for Supplier with respect to its overall provision of services to customers, Supplier will be responsible for all costs. In the event that a Type II SAS 70 audit is conducted for Supplier solely with respect to its provision of the Services, Advanta will be responsible for all costs.
SAS 70 Audits. (a) Service Provider performs Required [***]* Audits of its [***]* (including its [***]* hosting provider) as part of the Services [***]*. The Client is entitled to provide input and assist in defining the scope of the Required [***]* Audits as they apply to Client Group audit requirements. These Required [***]* Audits are performed [***]* across Service Provider’s Service Locations providing the Client Group [***]*, and clients on a schedule that refreshes the Required [***]* Audit report for Client Group at least each [***]*. Service Provider agrees to initiate the Required [***]* Audit of the [***]* within [***]* of consolidating the [***]*. Thereafter, refreshes will be performed every [***]*.
(b) Subject to Section 17.02 (c) above, Service Provider shall provide Client with a copy of the portions of the Required [***]* Audit of Service Provider as such audits are directly related to the [***]* Services (provided Service Provider may redact all financial information and any other information not directly related to the Services).
(c) Any additional work relating to [***]* audits specifically requested by Client will be according to an agreed work plan and the Charges for such work will be handled through Change Control.
SAS 70 Audits