Chicago, Illinois – June 23, 2015
True Partners Consulting LLC (TPC), providing tax compliance and business consulting services, announced that it has recently completed its examination in conformity with SSAE No. 16, Reporting on Controls at a Service Organization on their Unclaimed Property Services for the period of October 1, 2014 through March 31, 2015 that was performed by an independent auditing firm.
Completion of the SSAE 16 SOC 1 Type 2 examination indicates that selected TPC processes, procedures and controls have been independently evaluated and tested. The examination included TPC’s controls related to Unclaimed Property Services related to Compliance Reporting, Physical Security, Computer Operations, Application Update Management, Information Security and Data Communications.
An SSAE 16 examination is widely recognized because it represents that a service organization has been through an evaluation of their control activities as they relate to an audit of the financial statements of its customers. SSAE 16 is an internationally recognized auditing standard developed by the American Institute of Certified Public Accountants. A Type 2 report not only includes the service organization's system description, but also includes detailed testing of the design and operating effectiveness of the service organization's controls. In addition, the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 make SSAE 16 reports even more important to the process of reporting on effective internal controls by public companies. The successful completion of the voluntary audit illustrates TPC’s ongoing commitment to create and maintain the most stringent controls for the protection and security of its customers’ confidential information. More information about TPC’s tax compliance and business consulting services can be found at www.tpctax.com.
“We’re excited that we have achieved the highest level of SSAE 16 audit as this provides the peace of mind about our processes and how we protect client information,” says Cathleen A. Bucholtz, Managing Director & National Practice Leader-Unclaimed Property, at TPC. “In addition, it confirms that the processes and controls we employ are sound and secure.”
Unclaimed Property Services
TPC’s Unclaimed Property team has extensive experience and expertise in the complex and evolving area of unclaimed property. The management of TPC’s Unclaimed Property group has been working together and exclusively in this area of unclaimed property for over a decade, providing an unmatched depth and consistency of experience. TPC’s Unclaimed Property team, one of the largest in the nation, is comprised of professionals with diverse backgrounds, including industry and government. The Unclaimed Property team provides services to assist Fortune 500, 1000 and middle market companies across all industries.
About True Partners Consulting’s tax compliance and business consulting services:
Chicago-based True Partners Consulting is a world-class tax and business advisory firm that helps large public and private enterprises navigate complex tax and financial regulations. TPC provides tax compliance and business consulting services nationally from offices strategically located across the country. TPC is a privately held firm affiliated with TPCI, a global network of accounting and consulting firms, to better serve their clients as they expand abroad.
True Partners Consulting Contacts:
Managing Director and National Practice Leader – Unclaimed Property
Senior Manager – Marketing