Phoenix, AZ (PRWEB) July 10, 2014
Telesoft, trusted experts in fixed and mobile Telecom Expense Management (TEM) software and services, announced that it has renewed their SSAE 16 Type 2 certification that confirms the effectiveness of Telesoft's business processes regarding the financial reporting needs of the company’s managed services clients.
By definition, SSAE 16 (Statement of Auditing Standard for Attestation Engagements, Number 16) is an attestation standard put forth by the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA) that addresses engagements undertaken by a service auditor for reporting on controls at organizations (i.e., service organizations) that provide services to user entities, for which a service organization's controls are likely to be relevant to a user entities internal control over financial reporting (ICFR). This in-depth assessment, performed by an independent auditor, assures that Telesoft's customer data is being handled securely and with business controls approved by AICPA.
As the shift to outsourcing continues to grow among large, multinational organizations, the need to comply with demanding mandates for security, governance, and compliance is essential for service organizations. In addition, the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 make SSAE 16 audit reports even more important to the process of reporting on the effectiveness of internal control over financial reporting.
"The request for our value added telecom expense management (TEM) services continue to grow, and our renewed SSAE 16 certification speaks to our commitment to servicing those organizations at the highest level," said Thierry Zerbib, CEO and Co-Founder of Telesoft. "Many of our clients must demonstrate compliance to Sarbanes-Oxley and can use this SSAE 16 audit as proof of their own compliance with Sarbanes-Oxley's Section 404."
Trusted experts in Telecom Expense Management (TEM) software and services for over 30 years, Telesoft reduces fixed and mobile telecom spend to improve an organization's bottom-line. Telesoft automates the telecom expense management lifecycle - from management of telecom invoices, usage, and cost allocation, through provisioning and inventory - to lower telecom expenses and improve efficiencies. Offered as hosted, licensed, or outsourced solutions, Telesoft provides an integrated management platform for centralized inventory, common data sharing, and unified reporting. Telesoft solutions are used by hundreds of commercial and government organizations, including the largest and most complex telecom environments in the world.