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service provider |
Also found in: Acronyms, Wikipedia | 0.06 sec. |
service providerAn organization that provides some kind of communications service, storage service or processing service or any combination of the three. Examples are a local or long distance telephone company, Internet service provider (ISP), application service provider (ASP) and storage service provider (SSP). See common carrier and ISP. service provider [′sər·vəs prə‚vīd·ər] (computer science) An organization that provides access to a wide-area network, such as the Internet.
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| Even if day-to-day performance is acceptable, if the service provider is not proactively bringing new technology, cost reduction initiatives, best practices and other innovations to the owner, it may be time for a fresh look at a new provider. The proposed ethics ruling under Rule 102, "Integrity and Objectivity," would require that a member inform the client that he or she may be using a third-party service provider when providing professional services to the client, prior to sharing confidential client information with the service provider. Yet, while this outsourcing trend can be a win-win for the company, the service provider and investors, it also adds a layer of internal control risk that must be considered in this Sarbanes-Oxley world. |
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