O1 Communications Inc. (Booth 1604-1606), a fullservice provider of telecommunication solutions for SMBs, announced it has completed the SAS 70 Type II audit and certification from an independent accounting firm. SAS 70 Type II is an internationally recognized auditing standard developed by the American Institute of Certified Public Accountants indicating that an organization has been through an audit of its internal controls and processes.
The SAS 70 Type II report is a sign of assurance for O1s agents and customers as it indicates that the companys control and procedural objectives have been reviewed independently, verified and tested to validate operating effectiveness.
A SAS 70 not only validates O1s best practice standards, it can also be a valuable and effective tool for our agent channel to attract new customers and strengthen ties with existing ones, said Max Seely, senior vice president of O1.
The company said that many financial institutions are using a SAS 70 report as a starting point for assessing assurances and controls at external service providers. Therefore, O1s SAS 70 certification should offer its agent partners a competitive advantage in the financial services market.