Bill Perfect Completes SSAE 18 (SOC 1) Type II Audit Examination

DENVER, N.C. - Jan. 24, 2018 - PRLog -- Bill Perfect, Inc., a company that develops, markets, and integrates the award winning TimelyBill® Operations Support System software, today announced that they have successfully completed a System and Organization Controls (SOC) 1® Type II Audit examination for their TimelyBill® Operations Support System. Bill Perfect, Inc. retained international CPA and business advisory firm, Skoda Minotti, for its SOC 1® audit work. Skoda Minotti was selected after an intensive search based on their reputation as a leading risk advisory and compliance firm.

Ben Osbrach, CISSP, CISA, QSA, CICP, CCSFP partner-in-charge of Skoda Minotti's risk advisory group says, "We were excited to work with Bill Perfect from the very start. They are an intriguing organization delivering high quality services and their business adds to our growing SOC reporting practice."

SOC 1® engagements are performed in accordance with the American Institute of Certified Public Accountants' SSAE 18, Statement on Standards for Attestation Engagements (SSAE) No. 18, Reporting on Controls at a Service Organization. The SOC 1® Type II examination is performed by an independent auditing firm and is intended to meet the needs of the management of user entities and the user entities' auditors, as they evaluate the effect of the controls at the service organization on the user entities' financial statement assertions. These reports are important components of user entities' evaluation of their internal controls over financial reporting for purposes of complying with laws and regulations such as the Sarbanes-Oxley Act and the user entities' auditors as they plan and perform audits of the user entities' financial statements.

Skoda Minotti's testing of Bill Perfect's control environment included examination of their policies and procedures regarding computer operations, application change control, information security, and data communications. Upon completion of the examination, Bill Perfect received a Service Auditor's Report with an unqualified opinion demonstrating that their policies, procedures, and infrastructure controls were suitably designed and operating effectively to achieve the related control objectives throughout the examination period.

"The successful completion of our SOC 1® Type II examination audit provides Bill Perfect's clients with the assurance that the controls and safeguards we employ to protect and secure their data are in line industry standards and best practices," said Michael Lates, CEO.

About – Bill Perfect, Inc.
Bill Perfect develops, markets, and integrates the award winning TimelyBill® Operations Support System software, which is made available to customers using a SaaS model. Incorporated in 2009, Bill Perfect is a Delaware corporation, with headquarters in Denver, North Carolina and offices in Pembroke Pines, Florida.

The TimelyBill® Operations Support System was designed to provide the maximum flexibility and reliability available in a customer life cycle management solution for service providers and non-service providers alike. The TimelyBill® Operations Support System is the preferred choice for most service providers, including local exchange carriers, cable and satellite providers, voice over IP providers, and enhanced communication providers. The TimelyBill® Operations Support System includes more than 30 tightly integrated components that support the full customer life cycle.  For more information about TimelyBill OSS, please visit: http://timelybill.com

About – Skoda Minotti
Skoda Minotti is a Certified Public Accounting Firm based in Cleveland, OH offering a variety of tax, finance, and business advisory services in virtually every area of business. The Risk Advisory practice specializes in SOC Reporting, PCI DSS Compliance, HIPAA Compliance and HITRUST validation, FISMA, NIST, and other regulatory information security assessments. Staff in Skoda Minotti's Risk Advisory hold several industry certifications including Certified Information Systems Auditor (CISSA), Certified Information Systems Security Professional (CISSP), Qualified Security Assessor (QSA), GIAC Penetration Tester (GPEN), and GIAC Web Application Penetration Tester (GWAPT). For more information about Skoda Minotti's Risk Advisory Services, please visit: https://risk.skodaminotti.com.