IAB Solutions Announces SAS 70 Audit Completion

IAB Solutions LLC, a pioneer in the accounts receivable and deduction management industry announced today that it has successfully completed the rigorous Statement on Auditing Standards No. 70 (SAS 70) Type II audit process. The company engaged a leading independent audit firm to perform this extensive review. The SAS 70 Type II audit establishes that IAB employs uniform and reliable operational controls and safeguards as a host and processor of data belonging to their clients.

Ken Green, President of IAB Solutions LLC, said that “ that by engaging in the audit process, IAB not only recognized the importance of SAS 70 to many of its Fortune 500 clients, but it was also a way to prominently demonstrate the company’s commitment to building and maintaining client trust in securely handling their customer data”.

SAS 70 is an auditing statement issued by the Auditing Standards Board of the American Institute of Certified Public Accountants (AICPA), and is widely recognized as a preferred means of assessing the internal controls of service organizations. The Type II audit includes an auditor’s opinion on whether the controls were operating effectively during the review period. IAB recently completed their audit process and successfully demonstrated that its processes and controls met the standard.

IAB Solutions LLC is a Business Process Outsourcing (BPO) provider in the accounts receivable outsourcing and deduction management industry. In business for over a quarter of a century, IAB maintains a blue chip client roster of some of the world’s largest companies in the Consumer Packaged Goods (CPG) and manufacturing sector.

IAB engages in the resolution, recovery, and management of deductions, accounts receivable disputes, and the invoice collection process.  In addition to deduction management, IAB offers broker audits, sales tax certificate exemption cataloguing, freight claim management, escheatment avoidance and cash application services. IAB was incorporated in 1984 and is headquartered in Clarks Summit, PA.