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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Stuck In The SAS 70s
BNET
- 2004-02-23
From the executive summary: ‘A little-known and perhaps largely outdated auditing standard for outsourcers could be the next big hurdle for Sarbanes-Oxley compliance. Not only might the standard cause a number of businesses to conflict with the Section 404 provisions on internal controls, but it might also dissuade other companies...
SAS for Sarbanes-Oxley Compliance: Define and Manage Risks and Controls for Continuous Compliance and Increased Confidence in Financial Reporting
BNET
- 2003-09-25
The Sarbanes-Oxley Act of 2002 directed the Securities and Exchange Commission SEC to establish numerous new regulations for corporate governance stiffen existing penalties for white-collar crimes and create new penalties to address corporate malfeasance. This paper introduces SAS Corporate Compliance, a solution for tracking and auditing internal controls, monitoring compliance...
SAS Corporate Compliance For Sarbanes-Oxley
BNET
- 2003-09-01
To achieve the increased financial transparency outlined by the Sarbanes-Oxley Act, companies need to employ a closed-loop process for continuous compliance and constantly improving performance: a solution that will allow them to define, communicate, assess, certify and improve compliance procedures and processes. SAS offers comprehensive, flexible solutions for Sarbanes-Oxley compliance....
SAS No. 92 — Auditing Derivatives and Securities
BNET
- 2003-01-01
The ASB has voted to issue a final Statement on Auditing Standards SAS titled Auditing Derivative Instruments, Hedging Activities, and Investments in Securities that will help auditors plan and perform auditing procedures for financial statement assertions about derivative instruments, hedging activities, and investments in securities. The new standard is SAS...
Statement on Auditing Standards (SAS) No. 100 Interim Financial Information
BNET
- 2003-01-01
Statement on Auditing Standards SAS No. 100 Interim Financial Information, supersedes SAS No. 71 of the same name. It was issued to provide additional guidance on performing reviews of interim financial information and to incorporate the requirement of the Securities and Exchange Commission SEC for timely filings of interim financial...
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...
Fraud Detection: SAS 99 Increases Auditors' Responsibilities
BNET
- 2003-01-01
Numerous examples of financial statement fraud and alleged auditor negligence have been disclosed over the past 15 months-WorldCom/Arthur Andersen, Xerox/KPMG, Enron/Arthur Andersen, Adelphia Communications/Deloitte & Touche, Baptist Foundation of Arizona/Arthur Andersen, to name a few. Many have asked "Where were the auditors?" The new standard SAS No. 99 addresses auditors'...
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....
Other Services And Reports
BNET
- 2003-01-01
The three basic professional standards issued by the Auditing Standards Board that related to services are—Statements on Auditing Standards SAS, Statements on Standards for Attestation Engagement SSAE and Statements on Standards for Accounting and Review Services SSARS. This paper provides an overview of labels of assurance and other services, SAS...
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...
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