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Certified according to international standards of safety and infrastructure several EPAM development centers SAS 70 type II certification was completed at three locations in Central and Eastern Europe the outsourcing market leader has been named in the framework of the international business awards to the finalists in the category of \”Best MIS & IT\”. Frankfurt am Main, Germany – August 5, 2008 – EPAM systems, the leading global service providers in the field of software development and IT outsourcing with development centres in Central and Eastern Europe, announced today, to have certified a further its development centers in Kiev, Ukraine, according to international safety standards. Recently the Kiev Office was assessed 70 type II by Deloitte co. Ltd. According to the requirements of SAS, EPAM certified to the first companies in Central and Eastern Europe with three SAS 70 type II makes branches, including Budapest (Hungary), Minsk (Belarus), and now Kiev (Ukraine).

This certification guarantees maximum operational safety. SAS statement on auditing standards (SAS) No. 70. 70, service organizations, developed and published by the American Institute of certified public accountants (AICPA) as an audit report to the internal control systems to service providers. With the introduction of the Sarbanes-Oxley Act, which is a control system for financial reporting, establishing and documenting the effectiveness of type II SAS 70 report is been recognized as the only acceptable method for third parties for an adequate assessment of the control system of a service company. In contrast to a type I report, after the investigator confirmed the adequacy of the internal control system at a given time, aims report a type II, extensively to test the internal control system and detailed with regard to its effectiveness for a given period to assess what is more demanding and more meaningful certification. After completion of the assessment, Ralph van Uden, risk services Senior Manager at Deloitte, noted that all control systems on EPAMs site in Kiev is successfully put into operation.