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February 4, 2014
Data Facts, Inc. Announces Completion of SOC I & SOC II Examinations
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Memphis TN (PRWEB) February 04, 2014
Data Facts, Inc., provider of background screening and lending solutions, announced today the completion of the SOC 1 (Statement on Standards for Attestation Engagements No. 16 (“SSAE 16”)) Type 1 examination and a SOC 2 Type 1 examination.
The completion of the SOC 1 Type 1 examination and SOC 2 Type 1 examination typifies Data Facts, Inc.’s continued dedication to pioneer and maintain the most stringent controls needed to ensure the highest quality and security of services provided to their customers. Companies who complete annual SOC 1 and SOC 2 examinations are able to demonstrate a substantially higher level of assurance and operationally visibility than those companies who do not.
“Completing this is testament to our dedication and determination to be the best we can be with regard to data security and protection of confidential consumer information,” says Daphne Large, Data Facts, Inc. President. “This positions Data Facts, Inc ahead of most of our competitors in this arena. We have always put a priority on providing trusted information as well as stringent compliance practices.”
Data Facts, Inc has always been on the forefront of new solutions, advanced technology, and extraordinary compliance practices. This latest achievement shows the level of commitment to the most secure practices in the industry.
The examinations were performed by 360 Advanced, P.A., a full-service audit and consulting firm that specializes in integrated compliance solutions, including conducting SOC examinations. SOC examinations, developed by the American Institute of Certified Public Accountants (“AICPA”), are the most widely recognized authoritative guidance that provides service organizations a uniform method for disclosing independently assessed information about the design and operation of internal controls related to their services.
The Service Auditors’ Reports includes a detailed description of Data Facts, Inc.’s controls and an independent assessment of whether the controls are placed in operation and suitably designed.
“As our industry continues to evolve and change, Data Facts is committed to being a pioneering leader in compliance and security best practices,” says Johnna Leeds, Vice President of Compliance.