Bangalore, Karnataka, India
Outsource Partners International, Inc. (OPI), a leading professional services firm dedicated solely to finance and accounting outsourcing, announced today its successful completion of a SAS 70 Type II audit. The audit, which was performed by Ernst & Young LLP, stands as a third-party independent opinion as to the effectiveness of OPI's internal controls for such outsourced F&A functions as accounts payable, accounts receivable, project accounting and financial reporting. The scope of the review included outsourced F&A functions for three clients serviced out of OPI's Bangalore and Kochi delivery centers.
SAS 70, an internationally recognized standard developed and managed by the American Institute of Certified Public Accountants (AICPA), validates the adequacy of a service organization's processes and control activities around the hosting and processing of data. Successful SAS 70 audits assure service providers are operating in stable and secure environments. The Type II audit not only looks at the design and adequacy of the control objectives, but also ensures the controls are being effectively implemented by testing these processes and controls for a period of at least six months.
Kishore Mirchandani, President of Outsource Partners International noted, "The SAS 70 Type II audit serves as a testament to the high degree of rigor we place around our processes and management of client data. No matter if we are providing our clients services in the United States, India, or Europe, they can continue to rest assured that their financial information is handled according to internationally recognized standards of security and control."
Clarence T. Schmitz, Chairman and Chief Executive Officer of OPI said, "Completion of our SAS 70 Type II audit provides yet another display of the secure and thorough manner in which OPI is committed to operating. This audit complements our ISO 9001:2000 and ISO 27001 certifications, and provides credible proof of the strict standards which we follow every day."
About Outsource Partners International
Outsource Partners International is a leading professional services firm dedicated solely to finance and accounting (F&A) outsourcing. OPI delivers custom solutions that range from single-service functions, such as accounts payable, receivables, and payroll, to full-service F&A including tax compliance, general accounting and financial reporting. Its unique service model combines experienced on-site staff with document imaging, automated workflow and offshore transaction processing to enable its clients to reduce costs, improve efficiency and focus on their core business.
OPI is built and managed by experienced professional accountants, most of whom are former Big Four accounting firm partners and managers. This unique heritage underlies a strong spirit of partnership with its clients. Placing service and quality first has enabled OPI to build an impressive portfolio of satisfied clients who serve as real-world examples of the benefits of outsourcing.
OPI has more than 1,400 associates operating in its offices throughout the United States, Europe and India. For more information about OPI and its finance and accounting solutions, visit www.opiglobal.com
Kishore Mirchandani, Outsource Partners International, +91 (080) 6620 7777, USA: 212.768.9393 x2525 kmirchandani@opiglobal.com
Source: Outsource Partners International (Business Wire India)
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