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News < Back Compliance : Sarbanes Oxley : Technology : Financial Controls BlackLine Systems Completes SOC Security and Availability Audits SOC 2, SOC 3 audit 1st for account reconciliation, financial close software; 3rd-party validation from Moss Adams ensures highest level of security, effective controls in place for BlackLine Financial Close Suite clients
Four years after becoming the first account reconciliation/financial close software provider to successfully complete a SAS 70 (now Statement on Standards for Attestation Engagements No. 16 or SSAE 16 SOC 1) audit, the internationally recognized standard developed by the American Institute of Certified Public Accountants (AICPA) to set guidelines for auditors to use in order to objectively assess the internal controls of service organizations, BlackLine Systems is now also first in its space to successfully complete a SOC 2 Type 2 examination – adding even greater focus on controls related to the security and availability of the BlackLine Financial Close Suite, and demonstrating the operating effectiveness of these controls over the entire period of the audit. “Having a third party come in and conduct these important audits each year confirming the operating effectiveness of our security and availability reinforces that BlackLine is offering clients an enterprise-class SaaS application,” Mario Spanicciati, executive vice president of operations and executive director of EMEA, BlackLine Systems, said. “Moss Adams’ stamp of approval is further testament to our commitment to deliver the highest level of services in an effort to provide a reliable, secure, high performance application to our growing global client base.” In conjunction with its existing SOC 1Type 2 audit report, BlackLine also has successfully completed an International Standard on Assurance Engagements No. 3402 (ISAE 3402) examination using the standards set forth by the International Auditing and Assurance Standards Board (IAASB). The ISAE 3402 audit shows that BlackLine has system controls in place and operating effectively in compliance with international standards. BlackLine Systems was the first to develop and offer a commercially available Balance Sheet Account Reconciliation solution. An experienced provider of software to companies from the Fortune 100 to beyond the Fortune 1,000, BlackLine provides quick-to-implement, scalable and easy-to-use applications that automate the entire financial close process to help improve financial controls for companies of all sizes. BlackLine software applications complement existing Enterprise Performance Management (EPM), Governance Risk and Compliance (GRC) and Enterprise Resource Planning (ERP) systems. BlackLine offers clients its enterprise-class software in a simple and secure OnDemand/SaaS platform. With a proven track record and a commitment to customer success, BlackLine seeks to reduce the burden the financial close places on accounting and finance professionals. BlackLine headquarters are in Los Angeles, with offices in Atlanta, Chicago, London, Melbourne, New York City and Sydney to serve the company’s growing global client base. |
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