American Institute of Certified Public Accountants standard offers service providers a superior environment for outsourcing their back office operations
VICTOR, N.Y. (Nov. 15, 2005)â€”Info Directions, leading provider of hosted back-office operational support systems and billing software for the telecommunications industry, is pleased to announce that it has received its Statement on Auditing Standard (SAS) 70 Type II Report after an extensive external audit of the procedures and controls for its CostGuard.NET/XG Application Service Provider (ASP) operations. The audit was completed by accounting firm The Bonadio Group, Pittsford, N.Y.
Established by the American Institute of Certified Public Accountants (AICPA), SAS 70 is used by service organizations as a way to demonstrate to clients that they have adequate controls and safeguards in place when hosting or processing data. SAS 70 is also closely related to the Sarbanes-Oxley Act of 2002, making it a critical requirement for any company engaging a third-party to provide software applications and a technology environment to process financial or operational transactions.
SAS 70 is divided into two areas: Type I and Type II. The Type I Report reflects the auditor’s opinion on the fairness of the presentation of the service organization’s description of controls placed in operation and the suitability of the design of the controls to achieve the specified objectives. A Type II Report includes the information contained in a Type I Report, as well as the service auditor’s opinion on whether the specified controls were operating effectively during the period under review. Info Directions obtained its Type I Report in February of this year. Each quarter, repeat audits will be performed to verify that Info Directionsâ€™ ASP continues to meet AICPAâ€™s standards.
â€œAchieving our SAS 70 Type II Report was a significant undertaking and we are pleased to be able to offer our clients what they need to secure greater accountability from their billing and operations activities and meet the requirements of the Sarbanes-Oxley Act of 2002,â€ said Patrick Talty, Vice President of Operations at Info Directions. â€œThe SAS 70 audit process is extensive, and serves to ensure that Info Directions has implemented best practices that are measurable and repeatable. This provides the accountability needed at every level to maintain reliability in the network and protect client data. We are happy to provide this added level of assurance to our clients now and on an ongoing basis.â€
About Info Directions, Inc.:
Info Directions is a software engineering company that designs, hosts and installs net-centric operational support, billing, rating, order management, workflow and selling solutions for the integrated communications service providers. Info Directionsâ€™ benchmark CostGuardÂ® line of installed and ASP OSS/BSS products deliver convergent, web-enabled solutions to ICPs, wireless operators, ASPs, CLECs and ISPs offering local, long distance, wireless, VoIP, broadband, content, data, IP, ASP usage, utility, frame relay and xDSL services. The company also provides the Lexys Point of Saleâ„¢ product to wireless retailers throughout the U.S. and around the world. Info Directions is a Microsoft Gold Certified Partner, member of the GSM Association and a member of the MSDN ISV Program. To learn more about Info Directions, please call 1.888.924.4110 or visit www.infodirections.com.