Contact Information: Media Contact: Aimee Quemuel (415) 753-9005 aimee@triercompany.com
IQ BackOffice Receives Coveted SAS 70 Type II Certification for the Third Consecutive Year
Clients Able to Reduce Operating Costs and Audit Fees, While Ensuring Compliance With Sarbanes-Oxley Requirements
| Source: IQ BackOffice
LOS ANGELES, CA--(Marketwire - November 6, 2007) - IQ BackOffice, a leading provider of
accounts payable services, today announced that they have earned the
Statement on Auditing Standard Number 70 (SAS 70) Type II certification for
the third consecutive year. The certification -- developed by the American
Institute of Certified Public Accountants -- is given to outsourced service
providers that, through their services, impact the financial statements of
public and private companies. The certification acknowledges the high
quality and effectiveness of IQ BackOffice's internal controls created
using best practices in business process management, information technology
and security.
"Because IQ BackOffice is SAS 70 compliant, I am assured that the services
they provide us have been reviewed and tested to meet the highest internal
control standards available," said B. Brian Martin, CFO of Innovative
Dining Group. "In addition, my auditors can use the SAS 70 audit report
instead of having to audit the entire accounts payable process, saving me
time and money."
"SAS 70 Type II audit is the most rigorous audit a firm such as ours can
undertake, assuring our clients that our services provide a level of
quality, timeliness and control far beyond what was in place before they
partnered with us," said David Schnitt, President of IQ BackOffice. "The
SAS 70 Type II certification is an absolute necessity for any public
company working with a service provider."
A six-month vigorous process, companies must pass an in-depth audit and
test by an independent firm before receiving SAS 70 Type II certification.
IQ BackOffice's five-sigma quality, best practice processes and
state-of-the-art technology helped it pass the audit with ease.
About IQ BackOffice
A division of R.C. Baral & Co., IQ BackOffice is headquartered in Southern
California, and is a known innovator in the finance & accounting
outsourcing industry. With more than a quarter of a century of service to
over 60 widely recognized clients in the restaurant/foodservice,
manufacturing, distribution, financial services and publishing markets,
clients typically reduce costs by 20% to 50% annually.
SAS 70 Type II compliant, IQ BackOffice keeps up-to-date on the latest
government-mandated regulations and delivers a complete solution that
includes both technology and finance-specific domain expertise aimed at
keeping clients in complete control, while significantly reducing operating
costs. For more information, visit www.iqbackoffice.com.