“By undergoing the rigorous audit required to maintain compliance year after year, Shield Global Partners demonstrates a higher level of commitment to security and transparency for their clients.” - William Holman, Assure Professional, Accounting and Audit Partner
GREEN BAY, Wis. (PRWEB) April 11, 2019
Shield Global Partners, a leading provider of fleet vehicle portfolio monitoring and management services, has successfully completed a Service Organization Controls (SOC) 1 Type 2 audit for a consecutive year. Examined for the second time by leading cybersecurity, assurance and compliance experts, Assure Professional, the design and operating effectiveness of internal control over financial reporting (ICFR) for Shield Global Partners’ monitoring, management, and recovery system is SOC 1 Type 2 compliant, according to the standards established by the American Institute of Certified Public Accountants (AICPA).
“By undergoing the rigorous audit required to maintain compliance year after year, Shield Global Partners demonstrates a higher level of commitment to security and transparency for their clients.” said William Holman, Assure Professional Accounting and Audit Partner.
To meet the necessary requirements to achieve SOC 1 Type 2 compliance, Shield Global Partners went through a stringent review process for a period of one year, in which key areas of their policies, procedures, technologies and controls were thoroughly analyzed.
Shield Global Partners successfully performed the SOC 1 Type 2 examination, which tested and proved the design and operating effectiveness of their internal controls over financial reporting (ICFR.)
“Because we handle a significant amount of confidential data for our clients, maintaining systems that are stable and free from any cybersecurity threats is vital. The SOC audit shows our continued commitment to the security of such data and that our company’s solutions and processes are held to a higher standard, which our clients expect and deserve," said Wayne Collins, CEO of Shield Global Partners.
Shield Global Partners specializes in fleet vehicle portfolio monitoring and management, identifying accidents in near real-time. Shield’s custom VIN Monitoring service is just the first step in a full-service operation that provides equity reconciliation and recovery processing from beginning to end. With decades of auto and insurance industry experience, Shield’s seasoned leadership team has written the book on appraisal methodology, which has been adopted by most of the P&C Auto Insurance industry in North America. For more information on Shield’s process and services, visit shieldglobalpartners.com.
About Assure Professional
Assure Professional, a leading cybersecurity, assurance and compliance solutions provider, specializes in providing due diligence, private equity, and accounting services as well as compliance related engagement programs including, SOC 1 (formerly SSAE 16) Audits, SOC 2 + HITRUST Audits, SOC Readiness Assessments, SOC for Cybersecurity, SOC for Vendor Supply Chain, ISO 27001 Assessments and HIPAA/HITECH Assessments. The firm’s leadership team has nearly 70 years of combined business management, operations and related information technology (IT) experience. Headquartered in De Pere, Wisconsin, Assure Professional has implemented business and technology best practices for companies across a variety of industries in US states, as well as Canada, South America, and several European countries. Visit http://www.assureprofessional.com. Assure Professional Social: Facebook, Twitter @assurepro, LinkedIn.
About Shield Global Partners
U.S. based, Shield Global Partners is a leading full-service solutions provider for fleet vehicle leasing companies providing innovative enhancement of determined and qualified loss recovery through data and service solutions including: leased vehicle monitoring and analytics; USPAP compliant automotive appraisals by IAAA certified appraisers; and insurance claim negotiation and recovery. With more than 200 years of combined management and executive leadership experience in the North American Auto and Insurance industries, Shield Global Partners introduces strategic programs that capture maximum returns on assets and resources, driving more to the bottom line. Visit http://www.shieldglobalpartners.com. Shield Global Partners Social: Facebook, LinkedIn.