Passes first independent services audit under new standard
Briarcliff Manor, NY – September 10, 2012 – Digitech Computer, Inc. reported today that they successfully completed the Service Organization Controls (SOC) 1SM Type II Audit, which is based on the next generation of American Institute of CPAs (AICPA) standards for reporting on controls at service organizations in the United States.
The successful completion of the SOC 1SM audit solidifies Digitech’s position as a clear industry leader in medical transportation billing, having demonstrated that comprehensive and effective operational controls are in place to monitor and validate business processes related to claims processing, billing, collections, cash application, information technology, and physical and logical security systems.
SSAE 16 (Statements on Standards for Attestation Engagements No. 16) replaces the SAS 70 (Statement of Auditing Standards No. 70) and goes beyond it by requiring the auditor to obtain a written assertion from management regarding the design and operating effectiveness of the controls being reviewed. Under the new AICPA reporting standards, an audit that is conducted under SSAE 16
standards will result in a Service Organization Control (SOC) 1SM report.
“We are pleased to achieve this measure of confidence in our systems and controls,” stated Joyce Kerulo, Senior VP of Billing Services for Digitech Computer.
“Digitech’s unqualified SOC 1 opinion assures our clients and their auditors that best practices are employed throughout the EMS billing process.”
Digitech’s SOC 1SM audit was conducted by WithumSmith+Brown, PC, Certified Public Accountants and Consultants (www.withum.com). Withum, a provider of quality service and innovative solutions for more than 35 years, is one of the largest regional public accounting and consulting firms along the mid-Atlantic corridor. With 14 offices and 450 employees, WS+B ranks among the top 33 CPA firms nationwide, and whose professional expertise in accounting, tax and consulting has repeatedly assisted businesses in realizing their full potential.
Mr. Tony Chapman, Engagement Partner and Practice Leader for SOC Engagements for WithumSmith+Brown, said, “The successful completion of its SOC 1SM audit is a significant accomplishment for Digitech. This audit report will provide the Company’s clients with an in-depth understanding of its internal controls relevant to them.”
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