SOURCE: ista North America

ista North America

March 08, 2011 10:46 ET

ista North America Completes SAS 70 Type 2 Compliance

ATLANTA, GA--(Marketwire - March 8, 2011) - ista North America, a leading provider of submetering, utility expense management and retail energy back office operations and CIS services, announced today that it has completed the SAS 70 Type 2 audit and earned 2010 compliance with no qualified opinions for each of the company's three Service Organizations.

"It is a great achievement and testament to our dedication to providing only the highest standards of service to our customers that ista North America has concluded our 2010 SAS 70 Type 2 Audits demonstrating that the appropriate internal controls and safeguards have been implemented across our Service Organizations," says Cade Burks, Executive Vice President. "SAS 70 has become the industry standard for controls and compliance and we are pleased to have completed the SAS 70 Type 2 Audits with no qualified opinions."

Statement on Auditing Standards (SAS) No.70 is an auditing standard developed by the American Institute of Certified Public Accountants (AICPA). A SAS 70 Type 2 Audit validates that a service organization has completed an in-depth audit of their control activities, which include controls over information technology processes. A Type I report describes the service organization's description of controls at a specific point in time. A Type 2 report not only includes a description of controls, but also includes detailed testing of those controls over a minimum six month period.

About ista North America
ista is the world's leading company in the metering, billing and management of energy, water and ancillary costs. ista North America serves multifamily, manufactured housing, commercial and retail energy clients throughout the entire process chain. The company addresses the unmet need for energy cost management expertise with a broad scope of services and proven technology to help customers recover, manage and optimize their utility costs.

By leveraging its 100+ years of experience in submetering and utility expense management, ista is uniquely positioned to support both consumers and businesses in the budgeting, management and control of energy and utilities. The global company operates in 25 countries and services more than 11 million meter points.

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