Independent Audit Verifies LogicBay’s Internal Controls and Processes
Wilmington, NC – KirkpatrickPrice announced today that LogicBay Corporation, a channel management technology provider, has received their SOC 2 Type II attestation report. The completion of this engagement provides evidence that LogicBay has a strong commitment to deliver high quality services to its clients by demonstrating they have the necessary internal controls and processes in place.
SOC 2 engagements are based on the AICPA’s Trust Services Principles. SOC 2 service auditor reports focus on a Service Organization’s non-financial reporting controls as they relate to security, availability, processing integrity, confidentiality, and privacy of a system. KirkpatrickPrice’s service auditor report verifies the suitability of the design and operating effectiveness of LogicBay’s controls to meet the criteria for these principles.
“Mission-critical systems, like ours, that companies depend on to support their sales channel partners must be secure and always accessible. Companies that rely on LogicBay can now be rest assured that our systems and processes adhere to best practices as audited by a respected third-party auditor – not unverifiable claims used for marketing purposes,” said John Panaccione, CEO of LogicBay.
“The SOC 2 audit is based on the Trust Services Principles and Criteria. LogicBay has selected the security and availability principles for the basis of their audit,” said Joseph Kirkpatrick, Managing Partner with KirkpatrickPrice. “LogicBay delivers trust based services to their clients, and by communicating the results of this audit, their clients can be assured of their reliance on LogicBay’s controls.”
About LogicBay Corporation
Founded in 2003, LogicBay delivers technology-enabled channel management solutions to companies that need to build, scale, or optimize their indirect sales channels. At the core is the Channel Technology StackTM, combined with a proprietary Channel Profit CenterTM methodology that helps companies achieve growth through their sales channels. LogicBay’s technology and services have delivered substantial and consistent value to many of the world’s leading companies such as Caterpillar, Daimler Trucks North America, Hyster-Yale Group, and Texas Instruments. In addition to these enterprise solutions, LogicBay has contributed significantly to the success of many small and midsize businesses. For more information, visit www.logicbay.com, follow LogicBay on Twitter (@LogicBay), or connect with LogicBay on LinkedIn.
About KirkpatrickPrice, LLC
KirkpatrickPrice is a licensed CPA firm, PCI QSA, and a HITRUST CSF Assessor, registered with the PCAOB, providing assurance services to over 600 clients in more than 48 states, Canada, Asia, and Europe. The firm has over 11 years of experience in information security and compliance assurance by performing assessments, audits, and tests that strengthen information security and internal controls. KirkpatrickPrice most commonly provides advice on SOC 1, SOC 2, HIPAA, HITRUST CSF, PCI DSS, ISO 27001, FISMA, and CFPB frameworks. For more information, visit www.kirkpatrickprice.com, follow KirkpatrickPrice on Twitter (@KPAudit), or connect with KirkpatrickPrice on LinkedIn.