The internal audit team participates in audits of SAS 70 and operational audits on operational controls. SAS 70 is the Statement on Auditing Standard number 70 that was developed and is maintained by the American Institute of Certified Public Accountants (AICPA). Specifically, SAS 70 is a “Report on the Processing of Transactions by Service Organizations,” which defines the professional standards used by auditors to assess the internal controls of an organization and issue an audit report.