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Date Posted: 6/10/2009
Copanion abecomes First Tax Document Automation Vendor to Successfully complete a SAS 70 Type II Audit
Completion of the audit helps ensure the highest level of client data security
ANDOVER, MA – June 9, 2009 – Copanion, Inc., the leader in tax document automation, today announced that it is the first tax-only technology vendor to successfully complete a SAS 70 Type II audit. The audit process included a full review of Copanion’s operations, systems, technology, facilities, and personnel management in order to thoroughly evaluate the company’s processes for handling client data. The audit was completed by an authorized third party—Price & Shellman, LLC Certified Public Accountants, an affiliate of SAS70 Solutions.
“As SaaS [Software as a Service] continues to grow in popularity within the tax space, it will become imperative that vendors obtain documented proof regarding treatment and security of client data,” said Steven Ladd, CEO of Copanion. “A SAS 70 audit may very well be a requirement in the near future. And where client data is concerned, it should be.”
SAS 70 is an auditing standard that enables independent auditors to evaluate a service organization's internal controls. After an extensive evaluation period, the auditing entity issues a report, which includes the auditor's opinion, a description of the controls placed in operation, and a description of the auditor's tests of operating effectiveness. SAS 70 standards are developed by the American Institute of Certified Public Accountants (AICPA).
“We understand client concern surrounding data security, which is why we have spent the last six months undergoing a SAS 70 audit. We can now provide our clients with documentation that details our internal controls—assuring clients that our processes are completely automated, our support is 100% U.S.-based, and we provide the highest level of data encryption,” stated Ladd.
In addition to SAS 70 Type II Certification, Copanion also earned an Extended Validation SSL Certificate, which provides high-security web browsers with information to display a website’s organizational identity. This is just another example of Copanion’s commitment to security and maintaining customer confidence.
Going forward, Copanion will complete an annual SAS 70 audit to ensure it maintains the highest level of security. Both Copanion and NaviSite (where operations are hosted) have successfully completed SAS 70 Type II audits.
About Copanion
Copanion is the leader in tax document automation. The company saves tax professionals hundreds of hours during tax season with accurate and secure web-based applications for automating client tax document organization, data entry and review. Copanion is a privately held company with financing from Commonwealth Capital Ventures and Pilot House Ventures Group. For more information about Copanion, visit Copanion.com.
The Copanion and GruntWorx names and logos are trademarks or registered trademarks of Copanion in the United States and in other countries. All other companies and products referenced herein are trademarks or registered trademarks of their respective holders.
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