CICA SECTION 5970 AND SAS 70
Rideau is commited to operating in a well controlled, best practice focused environment and has passed the requirements to become CICA Section 5970 compliant, the Canadian equivalent to SAS 70.
Becoming Section 5970 compliant required Rideau to undergo an extensive audit by an independent accounting firm who made certain Rideau complied with CICA standards. Section 5970 assures internal standards on data and physical security, access controls, business continuity management as well as other processing controls are consistently met.
Section 5970 not only ensures the consistent compliance with these standards, it also offers an annual opportunity to update them. As a result, it allows Rideau’s processes to evolve regularly, with clients’ changing needs.
Finally, this has also enabled Rideau to divulge their controls to clients and auditors in a uniform internationally recognized format, once again ensuring the quality of Rideau’s transparent governance.