Since 2004 Optcapital has earned a SAS 70 (Type II) certification of its administrative systems, processes and controls. Issued under guidance established by the American Institute of Certified Public Accountants (AICPA), the SAS 70 audit means that the Company's operational processes and controls have passed rigorous third party tests with regard to security, reliability and consistency. The audit encompasses detailed inspection of the Company's internal controls, physical and electronic security, disaster recovery planning, networking redundancies, client administration and customer service. Widely recognized as the benchmark against which service providers report control activities and processes to customers and auditors, the SAS 70 Type II validates the Company's commitment to providing secure and accurate administrative services.
The requirements of Section 404 of the Sarbanes-Oxley Act of 2002 increase the importance of a SAS 70 audit as a means to demonstrate effective control processes over information systems. The Company's clients can leverage our audit to support their own Sarbanes-Oxley reporting requirements.
Key elements of the SAS 70 Type II Certification include:
- Integrity and Ethical Values
- Commitment to Competence
- Efficient Organizational Structure
- Client Control Consideration
- System Development, Maintenance and Documentation
- Disaster Recovery
- Employee Communication
