Veri-Tax Passes AICPA Standards Audit, Demonstrating Stringent Internal Controls
Comprehensive review by independent global auditing firm assures clients that Veri-Tax meets rigorous internal management controls and security
March 7, 2016 – IRVINE, California – Veri-Tax LLC, a leading national verification specialist for the mortgage, consumer credit, alternative lending and education industries, today announced it has successfully completed an audit that confirms the company meets the stringent internal management controls and security standards of the American Institute of Certified Public Accountants. Veri-Tax has now successfully completed the comprehensive and independent audit for five consecutive years.
Veri-Tax completed the AICPA’s Statement on Standards for Attestation Engagements No. 16 (SSAE 16) Service Organization Control (SOC) 1 Type II audit, which was previously known as SAS 70. The report verifies that key elements of Veri-Tax’s organization, processes, policies and procedures, application systems and infrastructure, and security are in accordance with internal management control objectives. The company’s control objectives have been carefully determined by management to be the most relevant and critical for effectively serving customers and protecting their information.
A top five global audit, tax and advisory firm independently conducted the audit for the period covering January 1, 2015, through December 31, 2015.
“We are committed to safeguarding our clients’ valuable information and earning their confidence,” said Nick Lim, Veri-Tax CEO. “While the SSAE 16 audit is presently not an IRS or a regulatory requirement, we believe it is vital to any provider entrusted with handling sensitive customer information. Accordingly, we have diligently invested the time, effort and resources to continuously improve our systems and processes and annually pass comprehensive SSAE 16 audits to verify our compliance and reassure our customers.”
About Veri-Tax LLC
Veri-Tax is a leading national verification specialist helping loan originators, underwriters, loan processors and other clients meet the elevated compliance and regulatory standards in the mortgage, consumer credit, alternative lending, education and other industries. We provide a suite of fast and reliable ability-to-pay solutions, including 4506-T Income Verification, Verification of Employment, SSN Verifications and Verification of Accounts. Our “customer happiness” culture ultimately differentiates us and drives our relentless customer-oriented organizational focus, commitment and execution. Visit Veri-Tax.com or call our Customer Happiness Team at (800) 969-5100 to learn more.