SOC 1 Type II report is an internationally recognized standard that examines internal business controls. The audit is focused on controls that are intended to meet the needs of the management and auditors of AMCS’ customers. The report, independently audited by a ‘Big Four’ firm, validates the suitability of the design and operating effectiveness of AMCS’ controls. The resulting clean report contained no exceptions or observations and covered 38 controls across seven key process areas - New Project Delivery; Initial Processing; Customer Support; Data Backup; Logical Access; Product Development and Change Management.
Commenting on the accreditation, Director of Business Processes and Systems at AMCS Group, Leonard Dolan, said:
“As a business, AMCS has always focused on delivering the best service for our customers. This includes providing them with assurances that we have all appropriate internal controls and systems in place. Building trust among our customers and stakeholders is more than just good business practice; it is absolutely integral to our continued success. AMCS is a leader in our industry and we are proud to be the first software company in our sector to obtain the SOC I Type II accreditation.”
Leonard Dolan continued by setting out future plans for compliance accreditations commenting,
“The accreditation focuses on specific customers, and we would encourage our existing and potential customers to work with us in obtaining this additional assurance for their specific business. AMCS is currently in the process of obtaining SOC 2 Type II, which will evaluate controls relevant to security, availability, processing integrity, confidentiality, and privacy. We plan to obtain this in Q2 2021.”
For organizations to succeed, they need to be trusted. Customers and, indeed, stakeholders want to work with businesses that are reliable and provide them with the assurance that they are in safe hands. AMCS is committed to investing in retaining this standard.