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Why would a service organization choose to hire an accountant to perform a SAS 70 engagement and issue a report? Would the clients of the service organization
(in other words, the user organizations) want the service organization to provide a
SAS 70 report? Why or why not? What might the service organization consider when
it contracts for a SAS 70 engagement to make the resulting report the most useful
for user organizations and their auditors?
Promisor
The person who makes a promise or agreement to do something, especially in a contract.
Promisee
The person to whom a promise is made in a contract, who stands to benefit from its fulfillment.
Offeror
The party in a contract negotiation that proposes the terms of an agreement to another party, known as the offeree.
Uniform Commercial Code
A comprehensive set of laws governing commercial transactions in the United States, aimed at standardizing practices across states.
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