Integrated Mortgage Solutions (IMS) has received SAS 70 Type II certification from Washington, D.C.-based DuPont & Morgan LLP for control objectives and activities throughout the organization. IMS' SAS 70 Type II certification complements the SAS 70 Type I certification the company received in November 2007.
SAS 70 is the authoritative guidance that allows service organizations to disclose their control activities and processes to their customers and their customers' auditors in a uniform reporting format. A SAS 70 examination signifies that a service organization has had its control objectives and control activities examined by an independent accounting and auditing firm.
"In today's turbulent climate, it is vital to our clients that IMS remains up-to-date with industry standards," says Cheryl Lang, president of IMS. "Receiving SAS 70 Type II Certification is further evidence of our dedication to data security, process efficiency and compliance."
As part of the process, DuPont & Morgan examined and tested the control environment and corresponding internal controls for the services provided by IMS, and control objectives were defined in the areas of technology security and change control, operational soundness and controls, accounting methods and cash controls, and security relating to confidential information – both from a physical aspect and through technology.
SOURCE: Integrated Mortgage Solutions