Financial Statement Services, Inc. (FSSI) Successfully Completes Type 1 SAS 70 Audit

SANTA ANA, CA – March, 2008 – Santa Ana-based FSSI has successfully completed an independent SAS 70 Audit of its document processing and online statement presentment (e-presentment) controls. FSSI specializes in the design, secure production and delivery of printed and electronic customer documents, including statements, bills, notice letters and other correspondence.

SAS 70 is an acronym for the American Institute of Certified Public Accountants (AICPA) Statement on Auditing Standard (SAS) No. 70. SAS No. 70 defines the professional standards that service auditors use to assess a company’s internal controls and to publish their findings. The auditor’s report addresses all five components outlined in the
Sarbanes-Oxley legislation, specifically, the control environment, risk assessment and control activities, information and communication systems and monitoring practices.

FSSI requested the voluntary audit to demonstrate its commitment to quality and security and to document that its internal controls and processes fully comply with government standards. Large financial institutions, for whom security, regulatory compliance and timely document deliveries are paramount, benefit most from the audit because it shows that controls for processing and safeguarding sensitive data are effectively in place.
The auditor’s report, entitled “Report on Controls Placed in Operation” covers FSSI’s process controls from July 1 through December 21, 2007.

FSSI’s proactive engagement of a third-party auditor not only gives customers the confidence and comfort level they seek from a vendor partner, it also relieves customers of the significant financial burden, which can run between $30,000 and $50,000 per audit.

“Companies whose survival depends on safeguarding data and documents realize the tremendous value of a SAS 70 Audit and the assurances it gives everyone involved,”
says FSSI president Jennifer Dietz, who leads the company’s data security efforts.
“We requested this audit to show the comprehensive process controls we have in place and to demonstrate our commitment to existing and prospective customers. We believe these assurances provide a very compelling business reason for companies seeking outsourcing to seriously consider FSSI.”

About FSSI
Founded in 1982, FSSI is a full-service print-and-mail leader specializing in the secure, high-volume production and delivery of targeted customer communications. FSSI’s printed and online solutions reduce clients’ overhead, capital and postal expenses, while providing unprecedented tracking and audit controls, including Unique Piece Tracking™. FSSI serves the financial services, telecom, public utilities, healthcare, government and other sectors. For more information, contact Steve Bolaris, VP of Sales, at (714) 436-3865, stevebolaris@fssi-ca.com or visit www.fssi-ca.com.

Contact Information

Steve Bolaris

VP Sales

Financial Statement Services, Inc. (FSSI)

Contact via E-mail