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ECS Financial Services, Inc. satisfies key management and operational standards required by Sarbanes-Oxley Act through completion of SAS 70 Type I Audit
Northbrook, Illinois - November 29th, 2006 - ECS Financial Services, Inc., a leading provider of lease portfolio management and consulting to the leasing and financial services industries, announced that it has successfully completed SAS 70 Type I Audit for its lease portfolio management outsourcing services.
"A SAS 70 Audit is the primary means by which a service provider can convey the integrity and validity of its internal controls and operating procedures," states Shari L. Lipski, CLP, Principal, ECS Financial Services, Inc. "This self-initiated audit process demonstrates our commitment to delivering the highest quality of service to the leasing and finance industry. It confirms for others what ECS’ clients have experienced for decades – reliability. This audit exemplifies our dedication to helping our clients build a better business by minimizing risk, increasing value, and providing continuous improvement.”
The SAS 70 Type I Audit found ECS’ processes and systems are well documented, organized, and properly controlled to meet SAS 70 requirements. The auditor's report was issued through the standards and guidance established by the American Institute of Certified Public Accountants (AICPA), which puts the highest scrutiny on a company’s controls and processes.
“ECS recognizes the value in business partners and the impact of our services to our client’s operations," comments Sam Oliva, Managing Partner, ECS Financial Services, Inc. “The audit looked very closely at our information technology and security procedures. It speaks highly of the emphasis we place on the accuracy and consistency of our operations. By attaining the SAS 70 certification, our clients are ensured that ECS satisfies specific management and operational standards and demonstrates that ECS Financial Services is a service provider you can rely on.”
About ECS
ECS Financial Services, Inc. (www.ecsfinancial.com) is a leading outsource provider dedicated to helping equipment leasing companies thrive. Our lease portfolio management, sales and property tax compliance, and accounting services are focused entirely on equipment lessors’ needs and make critical contributions to their success. As one of the only CPA firms that specialize in equipment leasing, our knowledge is broad and deep. We offer more than four decades of experience and the expertise of numerous Certified Leasing Professionals, as well as proven success managing large and complex portfolios and resolving tax and accounting issues.
SAS 70 Background
This is an internationally recognized auditing standard developed by the AICPA and represents that a service organization has been through an in-depth audit of their control activities, which includes information technology and related processes. The successful completion of these audits validates high standards for management objectives including security, availability, operational process integrity, maintainability, performance, and customer service.
Contact:
Shari L. Lipski, CLP, Principal
ECS Financial Services, Inc.
Phone: 800-826-7070, ext .111
E-mail: slipski@ecsfinancial.com
Website: www.ecsfinancial.com
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