OATI Receives Unqualified SAS 70 Type II Audit Opinion for Fourth Consecutive Year

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Open Access Technology International, Inc. (OATI) has successfully completed the SAS (Statement on Auditing Standards) No. 70 Type II audit for the fourth consecutive year. This success shows the viability of the OATI systems and processes in use throughout the energy industry.

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“OATI’s record of consistently obtaining unqualified audit opinions underscores our commitment to the physical and cyber security of customers’ vital business information in the OATI Data Center."

Open Access Technology International, Inc. (OATI) has successfully completed the SAS (Statement on Auditing Standards) No. 70 Type II audit for the fourth consecutive year. This success shows the viability of the OATI systems and processes in use throughout the energy industry.

The independent firm McGladrey & Pullen, LLP conducted a comprehensive evaluation of the effectiveness of OATI processes and controls. It found that OATI controls were complete, accurate, and in accordance with the standards established by the American Institute of Certified Public Accountants (AICPA). SAS 70 Type II audits are accepted under the Sarbanes-Oxley Act for demonstrating compliance by a service organization.

“OATI’s record of consistently obtaining unqualified audit opinions underscores our commitment to the physical and cyber security of customers’ vital business information in the OATI Data Center,” said Sasan Mokhtari, President & CEO. “The commitment of OATI to provide services representing industry ‘best practices’ to the North American energy industry is the operational directive from the highest level of executive management at OATI. SAS 70 Type II Audits are an objective assessment of this commitment.”

OATI (http://www.oati.com) provides state-of-the-art Energy Trading and Risk Management, Transmission Scheduling, Congestion Management; Compliance, Smart Grid and Settlement Systems for the energy industry. OATI webTrader, webTrans, webSmartEnergy, webCompliance, and webTag product lines provide the tools for generation, trading, and transmission companies for seamless participation across energy markets. OATI serves in excess of 700 client companies in the energy industry in North America.

For additional information regarding this news release please contact sales(at)oati.net.

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