Stoneleigh Recovery Associates Receives SOC 1 Type II
Independent Audit Verifies Stoneleigh's Internal Controls and Processes
Lombard, IL, August 31, 2015 --(PR.com)-- KirkpatrickPrice announced today that Stoneleigh Recovery Associates (SRA), a debt recovery service, has completed its semi-annual SOC 1 (Service Organization Control) Type II audit. This certification attestation verifies that SRA has the proper internal controls and processes in place to deliver high quality services to its clients.
KirkpatrickPrice, a licensed CPA firm, performed the audit and appropriate testing of SRA’s controls that may affect its clients’ financial statements. In accordance with SSAE 16 (Statement on Standards for Attestation Engagements), the SOC 1 Type II audit report includes SRA’s description of controls as well as the detailed testing of its controls over a minimum six-month period.
“Many of SRA’s clients rely on them to protect consumer information,” said Joseph Kirkpatrick, Managing Partner with KirkpatrickPrice. “As a result, SRA has implemented best practice controls demanded by their customers to address information security and compliance risks. Our third-party opinion validates these controls and the tests we perform provide assurance regarding the debt recovery services provided by SRA.”
SOC 1 Type II is a reporting on the controls at a service organization that was established by the American Institute of Certified Public Accountants (AICPA). This report is in compliance with the SSAE 16 auditing standards which focus on the controls of a service organization that are relevant to an audit of a user entity’s financial statements. The standard demonstrates that an organization has adequate controls and processes in place. Federal regulations such as Sarbanes-Oxley, Gramm-Leach-Bliley and the Health Insurance Profitability and Accountability Act (HIPAA) require corporations to audit the internal controls of their suppliers, including those that provide technology services.
About Stoneleigh Recovery Associates
Stoneleigh Recovery Associates (SRA) is a nationally licensed, bonded, and fully insured boutique collection agency. Headquartered in Lombard, Illinois, SRA has been in operation since 2007 and provides exceptional debt recovery services for a broad spectrum of clientele in the recovery of outstanding accounts receivable. SRA is fully compliant with SSAE-16 and is a member of the Association of Credit and Collection Professionals (ACA), DBA International (DBA) and the Healthcare Financial Management Association (HMFA). For more information, please visit www.stoneleighrecoveryassociates.com.
About KirkpatrickPrice, LLC
KirkpatrickPrice is a licensed CPA firm, registered with the Public Company Accounting Oversight Board. By specializing in Service Organization Control Reports (SSAE, SOC 1, SOC 2, SOC 3), security audit services and compliance issues, the firm offers efficient expertise with relevant skills and qualifications for engagements governed by the AICPA and other data security best practices. The firm’s employees are certified with CPA, CISA, CISSP and other certifications critical to the audit process. www.kirkpatrickprice.com.
KirkpatrickPrice, a licensed CPA firm, performed the audit and appropriate testing of SRA’s controls that may affect its clients’ financial statements. In accordance with SSAE 16 (Statement on Standards for Attestation Engagements), the SOC 1 Type II audit report includes SRA’s description of controls as well as the detailed testing of its controls over a minimum six-month period.
“Many of SRA’s clients rely on them to protect consumer information,” said Joseph Kirkpatrick, Managing Partner with KirkpatrickPrice. “As a result, SRA has implemented best practice controls demanded by their customers to address information security and compliance risks. Our third-party opinion validates these controls and the tests we perform provide assurance regarding the debt recovery services provided by SRA.”
SOC 1 Type II is a reporting on the controls at a service organization that was established by the American Institute of Certified Public Accountants (AICPA). This report is in compliance with the SSAE 16 auditing standards which focus on the controls of a service organization that are relevant to an audit of a user entity’s financial statements. The standard demonstrates that an organization has adequate controls and processes in place. Federal regulations such as Sarbanes-Oxley, Gramm-Leach-Bliley and the Health Insurance Profitability and Accountability Act (HIPAA) require corporations to audit the internal controls of their suppliers, including those that provide technology services.
About Stoneleigh Recovery Associates
Stoneleigh Recovery Associates (SRA) is a nationally licensed, bonded, and fully insured boutique collection agency. Headquartered in Lombard, Illinois, SRA has been in operation since 2007 and provides exceptional debt recovery services for a broad spectrum of clientele in the recovery of outstanding accounts receivable. SRA is fully compliant with SSAE-16 and is a member of the Association of Credit and Collection Professionals (ACA), DBA International (DBA) and the Healthcare Financial Management Association (HMFA). For more information, please visit www.stoneleighrecoveryassociates.com.
About KirkpatrickPrice, LLC
KirkpatrickPrice is a licensed CPA firm, registered with the Public Company Accounting Oversight Board. By specializing in Service Organization Control Reports (SSAE, SOC 1, SOC 2, SOC 3), security audit services and compliance issues, the firm offers efficient expertise with relevant skills and qualifications for engagements governed by the AICPA and other data security best practices. The firm’s employees are certified with CPA, CISA, CISSP and other certifications critical to the audit process. www.kirkpatrickprice.com.
Contact
Stoneleigh Recovery Associates
Alexis Nimmers
630-282-5754
www.stoneleighrecoveryassociates.com
Alexis Nimmers
630-282-5754
www.stoneleighrecoveryassociates.com
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