SOURCE: ClearTrust, LLC

January 16, 2014 14:45 ET

ClearTrust, LLC Completes SOC 1 (SSAE 16) TYPE 1 Examination

LUTZ, FL--(Marketwired - Jan 16, 2014) - ClearTrust, LLC, a full-service stock transfer agent, announced today that it has completed a SOC 1 (Statement on Standards for Attestation Engagements No. 16 ("SSAE 16")) Type 1 examination. 

The completion of the SOC 1 Type 1 examination typifies ClearTrust, LLC's continued commitment to create and maintain the most stringent controls needed to ensure the highest quality and security of services provided to their customers. The Service Auditors' Report issued by 360 Advanced, P.A. demonstrates that ClearTrust, LLC's control activities were effectively placed in operation as of the report date.

"By voluntarily pursuing independent verification of our internal controls, our clients and their shareholders know we take their trust in us seriously. Our SOC-1 audit demonstrates that we are committed to safe-guarding our clients' records and securities with the industry's highest standards of control. This is yet another way we offer public and private companies greater peace of mind as their transfer agent," commented Kara Kennedy, Executive Director of ClearTrust. 

The examination was performed by 360 Advanced, P.A., a full-service audit and consulting firm that specializes in integrated compliance solutions, including conducting SOC 1 examinations. SSAE 16, developed by the American Institute of Certified Public Accountants ("AICPA"), is the most widely recognized authoritative guidance that provides service organizations a uniform method for disclosing independently assessed information about the design and operation of internal controls related to their services. Companies who complete an annual SOC 1 examination are able to demonstrate a substantially higher level of assurance and operationally visibility than those companies who do not. 

The Service Auditors' Report includes a detailed description of ClearTrust, LLC's controls and an independent assessment of whether the controls are placed in operation and suitably designed. To receive a copy of the Service Auditors' Report, or for any further questions, please contact Kara Kennedy.

About ClearTrust, LLC

ClearTrust applies its experience and expertise to craft a comprehensive service solution specific to each client. A complete service package includes online account access, same-day transfer turnaround, hundreds of free reports, assistance with DTC eligibility, paying agent services, proxy administration, IPO services, and tax processing and reporting.

The company is located just north of Tampa, Florida, and is one of the only independent transfer agents in the state. Serving public and private companies both nationally and internationally, ClearTrust is registered with the Securities Exchange Commission. They are active members of the Securities Transfer Association. For more information, visit www.cleartrustonline.com.

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