Independent Audit Verifies NCS’ Internal Controls and Processes
Van Nuys, CA – National Commercial Services (NCS), a subrogation and commercial collection agency, today announced that it has completed its SOC 1 Type II audit. This attestation verifies that NCS has the proper internal controls and processes in place to deliver high quality services to its clients.
KirkpatrickPrice, a licensed CPA firm, performed the audit and appropriate testing of NCS’ controls that may affect its clients’ financial statements. SOC 1 Type II is a reporting on the controls at a service organization that was established by the American Institute of Certified Public Accountants (AICPA). This report is in compliance with the SSAE 18 auditing standards and focuses on the controls of a service organization that are relevant to an audit of a user entity’s financial statements. The standard demonstrates that an organization has adequate controls and processes in place. The SOC 1 Type II audit report includes NCS’ description of controls as well as the detailed testing of its controls over a minimum six-month period.
“NCS is committed to providing our clients with the most secure, while efficient, collection and subrogation services nationally. Completing the SSAE 18 SOC 1 Type II Audit is part of the regulatory framework recommended to provide secure services to both our clients and the public. NCS will continue to renew our SOC certification on an annual basis to verify that we stay abreast of industry and standard improvements,” said Natalie Mansour, Vice President and Chief Operating Officer of NCS.
“Many of NCS’ clients rely on them to protect consumer information,” said Joseph Kirkpatrick, President of KirkpatrickPrice. “As a result, NCS has implemented best practice controls demanded by their customers to address information security and compliance risks. Our third-party opinion validates these controls and the tests we perform provide assurance regarding the managed solutions provided by NCS.”
National Commercial Services (NCS) is a California Certified Corporation located in Los Angeles County. With 22 years of experience in the fields of Subrogation and Commercial Collections, NCS is a Premier Sponsor of the National Association of Subrogation Professionals and is licensed and bonded in every mandated state. NCS is dedicated to compliance with Federal and State Specific Fair Debt Collection, TCPA, PCI, and all best practices protocol.
KirkpatrickPrice is a licensed CPA firm, PCI QSA, and a HITRUST CSF Assessor, registered with the PCAOB, providing assurance services to over 700 clients in more than 48 states, Canada, Asia, and Europe. The firm has over 13 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, PCI DSS, HIPAA, HITRUST CSF, GDPR, ISO 27001, FISMA, and CFPB frameworks. For more information, visit www.kirkpatrickprice.com, follow KirkpatrickPrice on Twitter (@KPAudit), or connect with KirkpatrickPrice on LinkedIn.