Welcome to the Wide World of SLAS 70 (for those who use Google it is really SAS-70 Type II)! Shh, don’t tell anyone but we are in the final audit stages now (under review). For some reason this is supposed to be a big secret, well not really or I wouldn’t be telling you about it. Maybe it is just so you don’t jinx the whole process.
If you are over 40 and doing the things you are supposed to do at the doctor then you have a pretty good idea of what SLAS 70 is. So we open our company up for the scope. I will just leave it at that. SLAS 70 is us telling the world how good we take care of our processes and procedures when dealing with our customers and also our internal controls. Since we would like to have more publicly traded companies as customers we need to be compliant according to my brother (the other Kinman blogger) and Mike Jones, CFO extraordinaire. It really is a good thing because the investors in these public companies like the fact that they use compliant companies, well they demand it apparently, which helps give them peace of mind in their investment. I’m not sure how many investors are left in the world but even the 1 or 2 still out there count for something. In a nutshell, we have to be good at what we do and we have to let an accounting firm come in and look at everything we do and then sign off that we are the best. WE know we are the best and now we will show the world.
SLAS Hint #1 – PDF! So I don’t know how many sheets of paper I saved with good old fashioned PDF conversion but I can bet I saved at least 2 trees. If I had to print out all this stuff like in the old days it would have been scary.
SLAS Hint #2 – Stress! On my desk right now I have, a half full Monster, an iced RedBull, 1 baby rattle, 1 golf ball, 1 rubber ball, 1 tennis ball full of BB’s, and 4 Squishy stress balls. The stress balls de-stress me and the baby rattle calms me of course.
SLAS Hint #3 – Time! It is all about how much time you have or don’t have. I should have kept track of the hours for this project but they all ran together at some point last week. I thought Thursday was Friday, and was really bummed out when I was told it wasn’t. I bet everyone has done that at least once.
Ok, well it is back to staring at the screen and hunting and fishing, not the fun kind either, just for data needed for the scope! I don’t want my new buddy, the auditor, to miss me since we hang out and email so much. Hey, can someone please pass me some latex gloves?