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About Athens Administrators
Athens Administrators is a TPA for workers’ compensation and liability claims. We have successfully administered claims for more than 30 years. Our clients include public agencies, regional businesses, insurance companies and Fortune 500 companies. We provide workers’ compensation and liability claim administration services.
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• Established 1976
SAS 70 Audits & TPA’s
Over the past decade SAS 70 Certification has become an increasingly common standard for service related businesses. At Athens we have seen SAS 70 Certification evolve from casual inquiries by clients to becoming a mandatory minimum requirement for many entities today. Athens is proud to be SAS 70 Type II Certified.
Quick Facts about SAS 70 Certification
What a SAS 70 Audit accomplishes
The process is detailed, lengthy and overall very involved for the TPA that is being audited. The end result of a TYPE I audit is an independent document which spells out all of the controls (quality, financial, etc…) that a TPA has in place. The next step is a TYPE II Audit. This tends to be an equally lengthy process which involves the Independent Accounting firm spending significant time (usually six months) within the TPA. During this time the Independent Accounting firm is testing and validating that all of the internal controls that were defined in the TYPE I Audit are actually being executed. If they are, the TPA passes and receives SAS 70 TYPE II Certification. If they are not, the TPA will not be Certified until they can successfully demonstrate their internal procedures and controls.
Why some TPA’s avoid SAS 70 Audits
Why Athens opted to achieve SAS 70 Type II Certification
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