As part of the Auditing Standards Board’s efforts to converge U.S. and international standards, SAS no. 70 is being divided into parts and replaced by two new standards. The changes also place the standards in areas that better reflect the nature of the subject matter and the work performed.
SAS 70 out, SSAE 16 in:
SSAE 16 is effective for service auditor’s reports for periods ending on or after June 15, 2011. So long SAS 70. Don't let the door hit you in the... er... SAS!