BNET Industries
Last Fiscal Year Sales:$1.6B
- Private
- US
Dow Jones Description
Gathering intelligence for business battles! SAS Institute Inc. deals in data warehousing and data mining software used to gather, manage, and analyze enormous amounts of corporate information. Clients use its software to find patterns in customer data, manage resources, and target new business. Founded in 1976, this $1.6 billion company is based Cary, NC and employs about 10,000 people. It also offers industry-specific integrated software and support packages. Some of its clients are Maytag, Air France, and the US Department of Defense. In March 2006 the company acquired the assets of Marketing Resource Management provider Veridiem, Inc., a privately held software company based in Maynard, MA, that helps customers analyze and optimize their returns across the entire spectrum of marketing investments.
Number of Employees 9,921
Peer Companies
NAICS Code Other Technical and Trade Schools: 611519
Recent Events
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Casinos Play SAS Analytics Card, Win Prestigious Innovative Solutions Award
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SAS sues British firm in software copyright dispute
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Goodnight: SAS might 'eke out' 34th straight year of revenue growth
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Invacare Standardizes on SAS® Financial Management, Escapes Spreadsheet Nightmare
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Kyobo Life Insurance Selects SAS to Reduce and Prevent Fraud
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Deutsche Telekom Chooses SAS Marketing Campaign Management as New International Standard
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Developing countries tap SAS data analytics software to improve governance
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SAS Business Analytics Mission-Critical for Broadcaster
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SAP, SAS respond to IBM's planned SPSS acquisition
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IBM to buy SAS competitor SPSS for $1.2B
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Wet Seal selects SAS to size it right
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SAS in Visionaries Quadrant for Enterprise Marketing Management
News & Analysis
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SAS 82's Effects on Fraud Discovery
BNET
- 2003-01-01
Issued in 1997, SAS 82, Consideration of Fraud in a Financial Statement Audit, attempted to address certain perceived shortcomings of the audit process and audit quality. The auditing profession should carefully consider whether SAS 82's implementation meets its objectives and investigate its impact on the audit process. The authors' research...
Understanding SAS No. 89, Audit Adjustments
BNET
- 2003-01-01
It makes so much sense. So why wasn't it thought of before? Place the responsibility for not making proposed audit adjustments where it clearly belongs, on client management, and, in the case of public companies, bubble-up the knowledge of any adjustments management chooses not to make to the audit committee....
New Guidance on Audit and Attest Documentation
BNET
- 2002-11-01
Statement on Auditing Standards SAS 96 expands guidance for audit documentation. In particular, the new SAS identifies six factors that the auditor should consider when determining the quantity, type, and content of audit documentation. The new SAS reiterates that audit documentation serves to provide principal support for the auditor's report...
Two Proposed Exposure Drafts on ASB's April 2002 Agenda
BNET
- 2002-04-01
The article is about the Auditing Standards Board ASB discussing two proposed exposure drafts and issuing them as exposure drafts. It explains about the amendment to SAS No. 50,"Reports on the Application of Accounting Principles" to prohibit an accountant from providing a written report on the application of accounting principles...
Auditor Communication in an Evolving Environment: Going Beyond SAS 600 Auditor's Reports on Financial Statements
BNET
- 2000-12-14
In 1993 the Auditing Practices Board issued an expanded audit report, SAS 600 Auditors' Reports on Financial Statements, in an attempt to educate users and reduce their misunderstandings in respect of certain matters pertaining to the audit function. This paper investigates the extent to which the new audit report, SAS...
Audit Committee Communications — SAS No. 90
BNET
- 2000-01-01
The article is about the recommendations for strengthening the independence of audit committees and making them more effective by Blue Ribbon Committee on Improving the Effectiveness of Corporate Audit Committees BRC. Two of the recommendations suggest changes to generally accepted auditing standards. Because of the BRC's recommendations, the Auditing Standards...
ASB Issues Omnibus ED
BNET
- 1999-04-01
This article discusses Auditing Standards Board ASB that issued an omnibus exposure draft of a proposed Statement on Auditing Standards SAS with the title of Audit Adjustments, Reporting on Consistency, and Service Organizations (Omnibus Statement on Auditing Standards—1999). An omnibus SAS addresses several unrelated topics. The proposed SAS provides guidance...
Does SAS 70 Suffice for SOA?
BNET
With the 2004 deadlines for Sarbanes-Oxley filings fast approaching, many organizations started searching with a growing sense of urgency for tools and strategies that provided management and external auditor's assurances that the Securities and Exchange Commission's rules are being met in all critical areas. The paper depicts that while SAS...
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