American Institute of Certified Public Accountants

ChainUp Obtains SOC 2 Type 1 Certification

Retrieved on: 
Wednesday, August 16, 2023

SINGAPORE, Aug. 16, 2023 /PRNewswire/ -- ChainUp, global blockchain technology solution provider, has announced its successful completion of the System and Organization Controls 2, audit and is now SOC 2 Type 1 certified. As a key industry standard for compliance, SOC 2 examines the security, availability, confidentiality, processing integrity, and privacy of customer data across solutions. Conducted by Deloitte Touche Tohmatsu Certified Public Accountants LLP, the audit included an evaluation of ChainUp's internal controls related to Information Technology, based around the Trust Principles of Security, Availability, Integrity of processing, Confidentiality and Privacy in accordance with the criteria set by the American Institute of Certified Public Accountants (AICPA). 

Key Points: 
  • As a key industry standard for compliance, SOC 2 examines the security, availability, confidentiality, processing integrity, and privacy of customer data across solutions.
  • The SOC 2 Type 1 certification reflects ChainUp's commitment to technical and operational best practices in protecting the business, customer data and users' digital assets.
  • Presently, ChainUp is pursuing the completion of SOC 2 Type 2 audit to further demonstrate their commitment in protecting data and establishing total trust with businesses and users.
  • The completion of SOC2 Type 1 certification is an important milestone for us in validating the quality and security of our services.

Grant Thornton appoints new leaders to its Audit Quality & Risk leadership team

Retrieved on: 
Thursday, August 10, 2023

Grant Thornton LLP, one of America’s largest audit, tax and advisory firms, today announced that it has appointed two new leaders to the firm’s Audit Quality & Risk practice.

Key Points: 
  • Grant Thornton LLP, one of America’s largest audit, tax and advisory firms, today announced that it has appointed two new leaders to the firm’s Audit Quality & Risk practice.
  • Decker assumes her new role from Mary Ropes, an Audit partner at Grant Thornton, who retires after more than 35 years of service at the firm.
  • Dyer assumes his new role from Lynne Triplett, an Audit partner at Grant Thornton, who retires after more than 17 years of service at the firm.
  • Jeff Hughes , Grant Thornton’s national managing partner of Audit Quality and Risk, says the two leaders are positioned to advance the firm’s commitment to quality.

Privacera Achieves SOC 2 Type 2 Certification, Empowering Customers with Enhanced Data Privacy

Retrieved on: 
Wednesday, August 9, 2023

FREMONT, Calif., Aug. 9, 2023 /PRNewswire/ -- Privacera, the cloud data governance and security leader founded by the creators of Apache Ranger™, continues to invest the time, effort, and money needed to do the right thing for its customers. Privacera most recently achieved recertification for SOC 2 Type 2 Compliance, which means Privacera complies with System and Organization Controls as defined by the American Institute of Certified Public Accountants.

Key Points: 
  • Privacera most recently achieved recertification for SOC 2 Type 2 Compliance, which means Privacera complies with System and Organization Controls as defined by the American Institute of Certified Public Accountants.
  • These control criteria are used by practitioners and examiners in attestation or evaluating and reporting on controls of information systems.
  • "Earning the SOC 2 Type 2 recertification is a testament to our unwavering commitment to the security and privacy of our customers' data," says Balaji Ganesan, CEO and co-founder at Privacera.
  • To learn more about how Privacera is providing data privacy, security and governance to customers, click here .

PayPal Launches U.S. Dollar Stablecoin

Retrieved on: 
Monday, August 7, 2023

SAN JOSE, Calif., Aug. 7, 2023 /PRNewswire/ -- Fully-backed, regulated stablecoins have the potential to transform payments in web3 and digitally native environments. To address that emerging potential, PayPal (NASDAQ: PYPL) today announced the launch of a U.S. dollar-denominated stablecoin, PayPal USD (PYUSD).  

Key Points: 
  • To address that emerging potential, PayPal (NASDAQ: PYPL) today announced the launch of a U.S. dollar-denominated stablecoin, PayPal USD (PYUSD).
  • Starting today and rolling out in the coming weeks1, eligible U.S. PayPal customers who purchase PayPal USD will be able to:
    "The shift toward digital currencies requires a stable instrument that is both digitally native and easily connected to fiat currency like the U.S. dollar," said Dan Schulman, president and CEO, PayPal.
  • As the only stablecoin supported within the PayPal network, PayPal USD leverages PayPal's decades-long experience in payments at scale, combined with the speed, cost and programmability of blockchain protocols.
  • Reserves for PayPal USD are fully backed by U.S. dollar deposits, U.S. Treasuries and similar cash equivalents, and PayPal USD can be bought or sold through PayPal at a rate of $1.00 per PayPal USD.

Halcyon Financial Technology Achieves SOC2 Type 1 Compliance

Retrieved on: 
Friday, August 4, 2023

SAN FRANCISCO, Aug. 4, 2023 /PRNewswire-PRWeb/ -- Halcyon Financial Technology, L.P. (HalcyonFT), has achieved SOC 2 Type 1 compliance. Pursuing SOC 2 is a voluntary initiative that demonstrates the company's ongoing dedication and adherence to the industry's highest security standards.

Key Points: 
  • Halcyon Financial Technology, L.P., has been certified as meeting the industry's highest standards for data security.
  • SAN FRANCISCO, Aug. 4, 2023 /PRNewswire-PRWeb/ -- Halcyon Financial Technology, L.P. (HalcyonFT), has achieved SOC 2 Type 1 compliance.
  • HalcyonFT has already begun the six-month observation period for SOC 2 Type 2 compliance.
  • Financial services organizations interested in reviewing HalcyonFT's SOC reports or learning more about the company's security practices are encouraged to contact the company.

Datalink Networks to Undergo a Type 2 Soc 2 Audit with A-LIGN Assurance Firm

Retrieved on: 
Thursday, August 3, 2023

SANTA CLARITA, Calif., Aug. 3, 2023 /PRNewswire-PRWeb/ -- Datalink Networks, a leading National IT Managed and Consulting Services provider, has entered into a definitive agreement for a Type 2 SOC 2 audit in partnership with A-LIGN Assurance Firm, a globally recognized leader in cybersecurity and compliance services. The audit represents a milestone in Datalink's continuous dedication to upholding the highest levels of data security and trust for its valued clients. Datalink caters to clients in the healthcare, manufacturing, and public sector domains. Through this audit, DLN will position itself as a cloud-based managed service provider, capable of safeguarding sensitive information data for service organizations. This work will start immediately and will cover a review and audit of Datalink's internal systems, policies, procedures, and controls related to the Trust Services principles as required by Type 2 SOC 2 standards. These principles include the following: security, availability, processing integrity, confidentiality, and privacy.

Key Points: 
  • Datalink Networks has entered into a definitive agreement with A-LIGN Assurance firm to undergo a Type 2 SOC 2 audit for our IT Managed and Consulting Services Business.
  • SANTA CLARITA, Calif., Aug. 3, 2023 /PRNewswire-PRWeb/ -- Datalink Networks, a leading National IT Managed and Consulting Services provider, has entered into a definitive agreement for a Type 2 SOC 2 audit in partnership with A-LIGN Assurance Firm, a globally recognized leader in cybersecurity and compliance services.
  • The audit represents a milestone in Datalink's continuous dedication to upholding the highest levels of data security and trust for its valued clients.
  • A SOC 2 audit verifies that Datalink Networks is compliant with requirements relevant to the Trust Service principles.

Three New Partners Announced at Tidwell Group

Retrieved on: 
Thursday, August 3, 2023

"We couldn't be more thrilled to have Natalie, Mindy, and Michael join us as Partners at Tidwell Group," said J. Barry Tidwell, CPA, CVA, our National Managing Partner.

Key Points: 
  • "We couldn't be more thrilled to have Natalie, Mindy, and Michael join us as Partners at Tidwell Group," said J. Barry Tidwell, CPA, CVA, our National Managing Partner.
  • "Their remarkable skillsets and diverse backgrounds are a true testament to our firm's unwavering commitment to gathering the finest professionals in the industry.
  • Working together, we'll keep raising the bar for our services, always striving for excellence in everything we do."
  • Natalie Giesen, CPA is an Assurance Partner in the Birmingham office of Tidwell Group and has over fifteen years of experience, with nine of those being in public accounting.

Uniken Achieves SOC 2 Type 1 Certification for REL-ID Security Platform

Retrieved on: 
Thursday, August 3, 2023

NEW YORK, Aug. 3, 2023 /PRNewswire/ -- Uniken, a leading integrated identity provider, announced that the REL-ID Security Platform achieved SOC 2 Type 1 compliance as established by the American Institute of Certified Public Accountants (AICPA) for Security, Availability, and Confidentiality Trust Services Criteria.

Key Points: 
  • NEW YORK, Aug. 3, 2023 /PRNewswire/ -- Uniken, a leading integrated identity provider, announced that the REL-ID Security Platform achieved SOC 2 Type 1 compliance as established by the American Institute of Certified Public Accountants (AICPA) for Security, Availability, and Confidentiality Trust Services Criteria.
  • "The security and identity risks to an organization and their clients is increasingly prevalent as the level of threat sophistication increases.
  • And now with SOC 2 Type 1 certification, our customers, partners, and prospects can proceed with confidence that the REL-ID Security Platform has been externally audited and validated to meet the strictest industry standards for security, availability, and confidentiality," said Uniken CEO, Bimal Gandhi.
  • SOC 2 Type 1 compliance is the industry benchmark for the audit of the systems protecting customer data and access.

Uniken Achieves SOC 2 Type 1 Certification for REL-ID Security Platform

Retrieved on: 
Thursday, August 3, 2023

NEW YORK, Aug. 3, 2023 /PRNewswire/ -- Uniken, a leading integrated identity provider, announced that the REL-ID Security Platform achieved SOC 2 Type 1 compliance as established by the American Institute of Certified Public Accountants (AICPA) for Security, Availability, and Confidentiality Trust Services Criteria.

Key Points: 
  • NEW YORK, Aug. 3, 2023 /PRNewswire/ -- Uniken, a leading integrated identity provider, announced that the REL-ID Security Platform achieved SOC 2 Type 1 compliance as established by the American Institute of Certified Public Accountants (AICPA) for Security, Availability, and Confidentiality Trust Services Criteria.
  • "The security and identity risks to an organization and their clients is increasingly prevalent as the level of threat sophistication increases.
  • And now with SOC 2 Type 1 certification, our customers, partners, and prospects can proceed with confidence that the REL-ID Security Platform has been externally audited and validated to meet the strictest industry standards for security, availability, and confidentiality," said Uniken CEO, Bimal Gandhi.
  • SOC 2 Type 1 compliance is the industry benchmark for the audit of the systems protecting customer data and access.

Thought Industries Bolsters Security Posture Through Successful SOC 2® Type 2 Examination

Retrieved on: 
Thursday, August 3, 2023

While Thought Industries has gone above and beyond by layering compliance solutions to give clients the confidence that their data is safe, the SOC 2® Type 2 examination demonstrates further their unwavering commitment to upholding security and integrity.

Key Points: 
  • While Thought Industries has gone above and beyond by layering compliance solutions to give clients the confidence that their data is safe, the SOC 2® Type 2 examination demonstrates further their unwavering commitment to upholding security and integrity.
  • "Providing transparency to our customers through independent third-party assurances could not be more important to us and our customers," said Mary Sparks, Thought Industries VP of Information Security.
  • "Pursuing these audits demonstrates our ongoing commitment to protecting our customers' data that they've entrusted to us."
  • Thought Industries chose 360 Advanced, Inc., a licensed CPA firm, to perform the demanding third-party SOC examination.