Each year Benefit Management Inc. completes a SAS 70 Type II audit. The successful completion of the SAS 70 Type II audit demonstrates that BMI has adequate controls and safeguards when they host or process financial data belonging to their clients. This accreditation reflects the significant investments BMI has made in technology, staffing and quality assurance programs.

Industry consultants indicate that less than 10% of all TPA’s nationwide successfully completes SAS 70 Type II audits.

What is a SAS 70 Audit?

Statement on Auditing Standards (SAS) No. 70, Service Organizations, is a widely recognized auditing standard developed by the American Institute of Certified Public Accountants (AICPA). A service auditor's examination performed in accordance with SAS No. 70 ("SAS 70 Audit") is widely recognized, 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.