Independent Audit Verifies Premium Technology’s Internal Controls and Processes
New York, NY – Premium Technology Inc. (PTI), a leading Supply Chain Finance solution provider, today announced that it has completed its SOC 2 Type II audit, performed by KirkpatrickPrice. This attestation provides evidence that PTI has a strong commitment to security and to delivering high-quality services to its clients by demonstrating that they have the necessary internal controls and processes in place.
A SOC 2 audit provides an independent, third-party validation that a service organization’s information security practices meet industry standards stipulated by the AICPA. During the audit, a service organization’s non-financial reporting controls as they relate to security, availability, processing integrity, confidentiality, and privacy of a system are tested. The SOC 2 report delivered by KirkpatrickPrice verifies the suitability of the design and operating effectiveness of PTI’s controls to meet the standards for these criteria.
“The successful completion of the SOC 2 Type II examination and audit exemplifies Premium Technology’s continued commitment to deliver a solution that is best-in-class while also protecting and securing our customers’ data,” said Kenny Leung, CEO & Founder of Premium Technology, “This Attestation of Compliance is known as the industry benchmark for IT system and the most stringent examinations of an organization’s security controls, policies, and procedures, and we are proud to exceed our banking customer’s expectations when it comes to protecting the bank and their client’s data.”
“The SOC 2 audit is based on the Trust Services Criteria,” said Joseph Kirkpatrick, President of KirkpatrickPrice. “Premium Technology delivers trust-based services to their clients, and by communicating the results of this audit, their clients can be assured of their reliance on PTI’s controls.”
About Premium Technology Inc.
Premium Technology Inc. (PTI) is a leading Supply Chain Finance solutions provider with a global presence, persistently dedicated to enriching digital supply chain finance operations and enhancing working capital through customizable financial technology for banks and diverse customers. PTI’s FinShare solution presents high-quality and multi-layered modules and services to accommodate all business requirement arrangements and international industry practices. FinShare offers customization and flexible handling of debt instruments and financing across the entire supply chain finance timeline through a multitude of products. From pre-shipment to post-payment stages, products can be combined and arranged to best suit unique industry and business practices. For more information, visit www.premiumit.com.
KirkpatrickPrice is a licensed CPA firm, PCI QSA, and a HITRUST CSF Assessor, registered with the PCAOB, providing assurance services to over a thousand clients in North America, South America, Asia, Europe, and Australia. The firm has more than a decade of experience in information security by performing assessments, audits, and tests that strengthen information security practices and internal controls. KirkpatrickPrice most commonly performs assessments on SOC 1, SOC 2, PCI DSS, HIPAA, HITRUST CSF, GDPR, ISO 27001, FISMA, and FERPA frameworks, as well as advanced-level penetration testing. For more information, visit www.kirkpatrickprice.com, follow KirkpatrickPrice on LinkedIn, or subscribe to our YouTube channel.