True Partners Consulting LLC Completes SSAE 16 SOC 1 Type 2 Audit

 

Chicago, Illinois – June 23, 2015

True Partners Consulting LLC (TPC), providing tax compliance and business consulting services, today announced that it has successfully completed a Statement on Standards for Attestation Engagements (“SSAE”) No. 16, Service Organization Control 1 (“SOC 1”) Type 2 audit on their Property Tax Preparation and Processing Services and Sales and Use Tax Preparation and Processing Services.  SSAE 16 replaced the Statement on Auditing Standards No. 70, commonly known as a SAS 70.  Like the SAS 70, the SSAE 16 is an internationally recognized auditing standard developed by the American Institute of Certified Public Accountants.  A SSAE 16 audit is performed by an independent Certified Public Accounting Firm that examines the controls and processes involved in storing, handling, and transmitting data securely.  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.

The rigorous Type 2 audit, which included detailed testing of TPC’s controls, was performed by an independent licensed Certified Public Accounting Firm that specializes in conducting SSAE 16 audits.  The auditor examined TPC’s controls related to firewall configuration, information security, computer operations, data communication, backup, physical security, and more.  Following the audit, TPC received a Service Auditor’s Report with an unqualified opinion, demonstrating TPC’s policies, procedures and infrastructure for data protection, security and confidentiality met or exceeded the stringent SSAE 16 criteria.

“The successful completion of our SSAE 16 SOC 1 Type 2 audit provides our customers with the assurance that the controls and safeguards we employ to protect and secure their data are first-rate” Dorothy M. Radicevich, Managing Director – Property Tax. 

Service organization audits (SSAE 16) have become increasingly important for data-handling service providers since the passage of the Sarbanes-Oxley legislation, which requires a company’s business partners to have adequate internal controls.  TPC’s customers can easily incorporate its Service Auditor’s Report in their Sarbanes-Oxley compliance programs as proof that appropriate controls are in place.  The SSAE 16 audit can also help TPC’s customers comply with other regulations, including HIPAA (Health Insurance Portability and Accountability Act), GLBA (Gramm-Leach-Bliley Act of 1999), and ISO 27002.

Sales and Use Tax Services
The sales and use tax arena is complex and constantly changing. TPC identifies and incorporates future tax trends to keep their clients’ tax departments up to date. TPC’s professionals review compliance functions for current exposures and evaluate operations for nexus and registration requirements. TPC can clarify clients' obligations within specific states or identify areas where a practice change may provide potential exemptions, exclusions, rebates, or savings opportunities. TPC brings a strategic approach and real world experience to find and deliver bottom line value in sales and use tax planning.

Property Tax Services
Deciphering state and local property tax obligations can be a challenging and time consuming endeavor. Maintaining a clear understanding of the continuously changing tax laws in every state in which an organization operates reduces risk and uncertainty. TPC’s Property Tax team has unmatched expertise in the state and local tax arena with deep technical understanding and up-to-date knowledge of ever-changing state and local tax regulations. TPC’s expertise and experience in the areas of property tax creates an environment that helps organizations plan, manage and minimize state and local tax obligations.

About True Partners Consulting’s tax compliance and business consulting services:
True Partners Consulting (TPC) 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:

Dorothy Radicevich
Managing Director, Property Tax
312.235.3322
Dorothy.Radicevich@TPCtax.com

Amanda Sturdevant
Senior Manager – Marketing
312.588.3422
Amanda.Sturdevant@TPCtax.com

 

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