SSAE 18 (SOC 1) Type II Audit Completed for TimelyBill

DENVER, N.C. - Bill Perfect, Inc., a provider of high-quality, cost-effective billing and subscriber management, announced today that it has successfully completed a System and Organization Controls (SOC) 1® Type II Audit examination for its TimelyBill® Operations Support System. Bill Perfect, Inc. retained international CPA and business advisory firm Marcum LLP for its SOC 1® audit work.

Ben Osbrach, National Risk Advisory Leader of Marcum's risk advisory group, says, "We were excited to continue our audit relationship with Bill Perfect on the completion of their 2019 SOC 1 Type II. Todd and his team strive for improvement in their controls year over year, taking their responsibility for maintaining a well-controlled and secured environment seriously."

SOC 1® engagements are performed in accordance with the American Institute of Certified Public Accountants' SSAE 18, Statement on Standards for Attestation Engagements (SSAE) No. 18, Reporting on Controls at a Service Organization. The SOC 1® Type II examination is performed by an independent auditing firm and is intended to meet the needs of the user entities' management and auditors as they evaluate the effect of the controls at the service organization on the user entities' financial statement assertions.

Marcum's testing of Bill Perfect's control environment included an examination of their policies and procedures regarding computer operations, application change control, information security, data communications, and physical security. Upon completion of the examination, Bill Perfect received a Service Auditor's Report with an unqualified opinion demonstrating that their policies, procedures, and infrastructure controls were suitably designed and operating effectively to achieve the related control objectives throughout the examination period.

"The successful completion of our SOC 1® Type II examination audit provides Bill Perfect's clients with the assurance that the controls and safeguards we employ to protect and secure their data are in line with industry standards and best practices," said Todd Knower, COO.

 

About – Bill Perfect, Inc.
Bill Perfect develops, markets, and integrates the award-winning TimelyBill® Operations Support System software, which is made available to customers using a SaaS model. Incorporated in 2009, Bill Perfect is a Delaware corporation with headquarters in Denver, North Carolina. https://timelybill.com


About – Marcum LLP
Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation, with offices in major business markets throughout the U.S., as well as in select international locations. https://www.marcumllp.com/