The Statement of Auditing Standards No. 70 (SAS 70) defined the standards that an independent auditor, or service auditor, must employ in order to assess the contracted internal controls of a service organization, which include controls over IT and associated processes.The SAS 70 standard was replaced by a new standard in June of 2011. Please research the new standard published by the Auditing Standards Board of the American Institute of Certified Public Accountants (AICPA). Write at least a one page report explaining the difference between the two standards.