ELMSFORD, N.Y., June 23, 2009 (GLOBE NEWSWIRE) -- Planet Data, a leading global provider of high-quality and cost-effective legal discovery management services, today announced its Statement on Auditing Standards 70 (SAS 70) Certification, awarded by the American Institute of Certificate Public Accountants (AICPA).
SAS 70, is a widely recognized auditing standard developed by the AICPA as an important resource to show the effectiveness of a service organization's internal controls and data security safeguards. Officially titled "Reports on the Processing of Transactions by Service Organizations" it is well known because it represents that a service organization has been through an in-depth audit of their control objectives and control activities, which often include controls over information technology and related processes.
Planet Data Chief Operating Officer David Cochran said, "By gaining this certification we offer further assurance to our clients that security and customer service is paramount. Our internal control and security policies have now been evaluated and reviewed by an independent third party, highlighting our commitment to information security, compliance and infrastructure."
In today's global economy, with the sheer speed and vast quantities data can be transferred, service organizations or service providers must demonstrate that they have adequate controls and safeguards when they host or process data belonging to their customers. In addition, the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 make SAS 70 audit reports even more important to the process of reporting on the effectiveness of internal control over financial reporting. The SAS 70 report addresses all five components of internal control outlined in the Sarbanes-Oxley legislation, namely the control environment, risk assessment activities, control activities, information and communication systems, and monitoring activities.
Planet Data remains on the cutting edge of technology and is committed to providing the highest quality -- yet cost-effective -- services to its clients without compromising defensibility. Planet Data continues to develop new products and services and are excited about the impending release of our early case assessment tool, Exego(tm), and our Virtual Bankruptcy Room this fall.
About Planet Data -- Founded in 2001, Planet Data is an international leader in Discovery Management Services for law firms and corporations. Planet Data has a strong reputation for flexible, high-quality, and cost-effective systems and exceptional client service. The Cerulean Engine is Planet Data's key to significantly reducing discovery costs by combining proprietary technology with a methodical workflow. Planet Data operates state-of-the-art data processing and hosting centers with document management and retrieval solutions that minimize risk and reduce costs associated with large data collections. The company also provides high-level consulting, technical support and project management for large, complex litigations, investigations and bankruptcies. Planet Data is SAS 70 and U.S. Safe Harbor Certified.