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Metex is pleased to announce that it has completed its standards auditing process to achieve Type 2 SSAE 16 SOC 1 audit certification.
Replacing Metex’s previous SAS 70 type II audit certification, Type 2 SSAE 16 SOC 1 provides better alignment with international standards
and requires a written assertion from management on the design and operating effectiveness of the data center controls.
What Are These Audit Standards For?
The SAS 70 (Statement on Auditing Standards No. 70) was originally issued by the Auditing Standards Board of the American Institute of
Certified Public Accountants (AICPA) in 1992. The purpose of the SAS 70 report was to allow a service organization to have an examination
of its internal controls performed on a periodic basis which could then be provided to its many clients. This allowed for auditors to
gain assurance over controls at the service organization while freeing the vendors to focus on running their business.
SSAE 16 (Statement on Standards for Attestation Engagements No. 16) was created with the intention of bringing the United States up
to code with the International Standards for Assurance Engagements, as well as to address a number of important areas which were not
covered by the traditional SAS70 report.
Why Do These Audit Standards Matter?
By participating in the Type 2 SSAE 16 SOC 1 audit, Metex can assure its customers that its operations meet a certain level of quality.
The audit looks at Metex's processes, policies, procedures, and operational activities and validates everything is performing at optimal
standards regarding security, availability, and operating integrity.
Participation in the audit also helps to demonstrate compliance with particular legal regulations that may be required by some customers.
Many organizations, such as those that are publicly traded, involved with medical and payroll processing, or providers of financial services
reporting, have a legal requirement to demonstrate SSAE 16 audit certification from their service providers. Our SSAE audit certification
allows us to appropriately support these particular customers.
"By completing this SSAE 16 audit certification, like we had done with SAS 70 in the prior years, Metex is well positioned to continue
serving the financial, healthcare, and governmental sectors," said David Dai, CEO. "It also reinforces Metex’s position among the world’s
elite providers of application modernization, and validates to customers our willingness to take exhaustive steps to comprehensively support their business
goals."
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