SmartDraw Software, LLC has successfully completed its first Service Organization Control (SOC) 2 Type I audit.
"As we move to provide customers with access to their SmartDraw files on different platforms we know the importance they place on security and reliability," said Mark Sulzen, VP of Information Technology. "Meeting the SOC2 standard demonstrates that SmartDraw has the infrastructure and technical knowledge that our customers expect."
The audit was conducted in accordance with the AICPA SOC reporting standards. It was performed by SSAE 16 Professionals, LLP, a full service accounting firm that provides SOC 2 Type I and Type II audits.
"SmartDraw's focus on strong internal controls is evident in this report," said Tim Roncevich, Partner at SSAE 16 Professionals. "The successful completion of this audit is a testament to SmartDraw's integrity, accountability, and its commitment to its customers."
SSAE 16 Professionals evaluated SmartDraw's design and operating effectiveness of internal controls and processes related to the Security and Availability Trust Services Principles. The firm has found that SmartDraw has met or exceeded the expectations and is fully compliant to the standard.
A SOC 2 report falls under the AICPA AT 101 guidelines and can also be either a Type I or a Type II. Whereas SSAE 16 (SOC 1) reports are used for audits of controls that impact a user organization's internal controls over financial reporting (ICFR), SOC 2 reports are intended for service organizations whose services do not impact ICFR. The typical users of a SOC 2 report will include prospective clients of the service organization, management of the service organization, and independent auditors providing services to the user organizations. The SOC 2 audit covers operational and/or regulatory compliance controls and follows pre-defined Trust Services Principles and Criteria.
SSAE 16 Professionals, LLP is one of the nation's leading firms specializing solely in SSAE 16 audits and readiness assessments. Each of its professionals has over 10 years of relevant experience at "Big 4" and other large international or regional accounting firms. Each professional is certified as a CPA (Certified Public Accountant), CISA (Certified Information Systems Auditor), CIA (Certified Internal Auditor), CISSP (Certified Information Systems Security Professional), and/or MBA (Master of Business Administration). For more information, please visit www.SSAE16Professionals.com.
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