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Auditing reports, known as SAS-70s, that are filed annually by firms that outsource transactions to foreign markets will see more scrutiny, legal pros predicted.
Auditing reports, known as SAS-70s, that are filed annually by firms that outsource transactions to foreign markets will see more scrutiny, legal pros predicted. Although U.S. regulators extensively examine materials when broker/dealers outsource, the bigger hurdle is complying with foreign regulation, Elaine Laurence, legal director and associate general counsel at Goldman Sachs, told a forum on outsourcing. "To comply with appropriate requirements you're going to have much...