MINNEAPOLIS (PRWEB) March 15, 2018
OATI is pleased to announce the sixth consecutive successful completion of the OATI webCARES WEQ-012 Business Practice Standards compliance audit. OATI’s third-party auditing firm, Schellman & Company, LLC (SCLLC) examined OATI webCARES for compliance with the NAESB WEQ PKI for ACA standards and the North American Energy Standards Board (NAESB) Accreditation Requirements for ACA Business Practice Standards (collectively “WEQ-012 Business Practice Standards”). After a thorough examination, conducted in accordance with Standards established by the American Institute of Certified Public Accountants (AICPA), SCLLC concluded that OATI webCARES is in compliance with the WEQ-012 Business Practice Standards.
The WEQ-012 Business Practice Standards were developed with the input of multiple industry participants through the NAESB standards drafting process in order to establish PKI cyber security standards for use in commercial transactions. The WEQ-012 Business Practice Standards set forth specific qualifications that must be met in order to be recognized as an ACA that is qualified by NAESB to provide PKI services.
“OATI recognizes the industry’s concern for increased cyber security profiles,” said Sasan Mokhtari, Ph.D., President and CEO of OATI. “In our commitment to rigorous compliance standards, we are pleased to provide assurance to our customers that webCARES is fully compliant with the NAESB WEQ-012 Business Standards for the sixth year in a row.”
OATI provides innovative solutions that simplify, streamline, and empower the operational tasks required in today’s energy commerce and Smart Grid. Serving more than 2,000 customers in North America, OATI successfully deploys and hosts diverse mission-critical solutions committed to industry standards and stringent security guidelines.
OATI (http://www.oati.com) is a leading provider of Smart Grid, Energy Trading and Risk Management, Transmission Scheduling, Congestion Management, Distribution, and Market Management products and services. OATI is headquartered in Minneapolis, Minnesota, with offices in California, Punjab, Telangana, and Singapore. For more information, please contact Sales(at)oati(dot)net.