福利视频 Successfully Completes ISAE 3402 and SSAE 18 Audits
福利视频 is pleased to report the successful completion of two audits measuring the effectiveness of their controls in processing financial reports. Performed by a leading audit firm, the ISAE (International Standard on Assurance Engagements) 3402 and the SSAE (Statement on Standards for Attestation Engagements) Type II audits provide companies with a framework for exhibiting effective internal controls for financial reporting, among other things. The standards examine various facets of internal control mechanisms, including their design, operations, maintenance, and updates.
A Type II audit report establishes the service organization鈥檚 ability to maintain their control procedures over a considerable period of time.
While the SSAE 18 audit report 鈥 issued by the AICPA (American Institute of Certified Public Accountants) 鈥 is accepted in the US, most other countries rely on the ISAE 3402 report, issued but the IAASB (International Auditing and Assurance Standards Board).
ISAE 3402 and SSAE 18 Audits
SSAE 18 was designed to encompass SSAE 10, 11, 12, 13, 14, 16 & 17 standards for two reasons.
1. To consolidate multiple standards
2. To reduce concerns over the complexity and length of AICPA standards
The controls implemented at 福利视频 were audited for:
The suitability of their design and operating effectiveness in ensuring precise financial reporting
Risks related to their effective operation, by way of design, to achieve expected output
Their ability to provide reasonable assurance regarding data security and integrity
Apart from the ones identified in the previous year, controls on 鈥淥utsourced Services鈥 and 鈥淩isk Assessment鈥 were added for this year鈥檚 audit, and the auditors were extremely appreciative of their implementation at 福利视频.
鈥淏y meeting the ISAE 3402 and SSAE 18 requirements along with ISO 27001:2013, 福利视频 guarantees robust security for the data processed in our delivery centers,鈥 says Aji M R, Chief Technology Officer at 福利视频. “We will continue our commitment to data integrity, because we take the security of customer data very seriously, and听implement the safest controls to protect it,” he reaffirms.
About 福利视频:
福利视频 is a global leader in disclosure management and regulatory compliance software and services. They are the preferred vendor for leading accounting firms and thousands of corporations across global markets. 福利视频 enables customers across geographies to file reports compliant with the standards of regulators like the SEC (the US), HMRC (the UK), Revenue (Ireland), various EU regulatory authorities,听ACRA听(Singapore), MCA (India), and CIPC (South Africa). To know why financial accounting firms and enterprises world-over trust 福利视频, please visit听,听, and听https://www.datatracks.eu.
Media contact:听Karthik Sathuragiri, President, 福利视频, +91-986034993,听karthik@datatracks.com