More NewsOB10 Awarded SAS 70 Type II and NIST Certificate

OB10 Awarded SAS 70 Type II and NIST Certificate

OB10 has successfully completed the SAS 70 Type II audit for controls operated across all geographical regions. The Statement on Auditing Standards (SAS) No. 70 is an internationally recognised auditing standard developed by the American Institute of Certified Public Accountants. The report, carried out by independent auditors from PwC, allows OB10 to disclose its control activities and processes to its customers and auditors. The Sarbanes-Oxley Act (SOX) heightened the focus placed on understanding the controls over financial reporting and identified a Type II SAS 70 report as the principal method for a third party to assure a service organisation’s controls. OB10’s SAS 70 Type II report therefore assists companies that use the OB10 network to optimise their supply chain to fulfill the requirements of SOX. Additionally, the company has recently received a system security certification that meets the Special Publications 800-18 and 800-30 respectively of the National Institute of Standards and Technology (NIST).

Comments are closed.

Subscribe to get your daily business insights

Whitepapers & Resources

2021 Transaction Banking Services Survey
Banking

2021 Transaction Banking Services Survey

2y
CGI Transaction Banking Survey 2020

CGI Transaction Banking Survey 2020

4y
TIS Sanction Screening Survey Report
Payments

TIS Sanction Screening Survey Report

5y
Enhancing your strategic position: Digitalization in Treasury
Payments

Enhancing your strategic position: Digitalization in Treasury

5y
Netting: An Immersive Guide to Global Reconciliation

Netting: An Immersive Guide to Global Reconciliation

5y