{"id":402233,"date":"2020-12-17T14:30:24","date_gmt":"2020-12-17T19:30:24","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=402233"},"modified":"2020-12-17T14:30:24","modified_gmt":"2020-12-17T19:30:24","slug":"associa-completes-american-institute-of-certified-public-accountants-system-and-organization-control-compliance-attestation","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/associa-completes-american-institute-of-certified-public-accountants-system-and-organization-control-compliance-attestation\/","title":{"rendered":"Associa Completes American Institute of Certified Public Accountants\u2019 System and Organization Control Compliance Attestation"},"content":{"rendered":"<div class=\"mw_release\">\n<p>Dallas, TX, Dec.  17, 2020  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=wJ9uXKGov-twXJyfblWCQqbCt-WXIZKrHO3EUUXYbZnwkdOkSOIH64K_sI7s43KlfDsNIU5jFUgj_VVyH_mX7A==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Associa<\/a>, the industry\u2019s largest community management company, has completed an attestation under the American Institute of Certified Public Accountants\u2019 (AICPA) Service Organization Controls related to internal controls for financial reporting and operating effectiveness for user organizations, SOC 1 (SSAE 18) Type 2 service auditor\u2019s report, after undergoing the engagement performed with the independent auditing firm\u00a0NDNB Assurance LLP.\u00a0<\/p>\n<p>The SOC 1 Type 2\u00a0report includes\u00a0an examination that follows the AICPA\u2019s Statement on Standards for Attestation Engagements guidelines that evaluates the description of the system(s) Associa operates on behalf of its user organizations (customers) and the operating effectiveness over a minimum six-month period.\u00a0\u00a0These systems are relevant to the internal control processes related to financial reporting to the user\u00a0organizations (customers). A SOC 1 Type 2 report is known as a report on management&#8217;s description of a service organization&#8217;s system and the suitability of the design and operating effectiveness of controls, which includes the following:\u00a0<\/p>\n<ul>\n<li>Provides evidence about how those controls have been operating over a period of time.<\/li>\n<li>Delivers an opinion regarding the operating effectiveness of those controls over the audit period.<\/li>\n<li>Explains how the controls have been operating during the audit period.<\/li>\n<\/ul>\n<p>\u201cCompleting the SOC 1 Type 2 attestation is the next step in Associa\u2019s unwavering commitment to the financial strength and stability of our clients. This new compliance report will give Associa customers elevated confidence that their financial information is stored in a controlled environment that\u00a0ensures privacy, accuracy, and security,\u201d stated Shannon Streenz, Associa senior vice president of client service operations. \u201cAs a Service Organization Control reporting organization, we are proud to maintain the highest levels of design and operating effectiveness of internal controls, top financial standards, and broadest array of financial and accounting services in the industry.\u201d\u00a0\u00a0<\/p>\n<p>Through this examination, conducted with the SSAE 18 regulatory guidance and leading industry best practices, the SOC 1 Type 2 report will support a service organization\u2019s ability to address its own financial statement audit for services and activities outsourced to Associa with greater confidence.\u00a0<\/p>\n<p>\n        <b>About Associa<\/b>\n      <\/p>\n<p>With more than 200 branch offices across North America, Associa delivers unsurpassed management and lifestyle services to nearly five million residents worldwide. Our 10,000+ team members lead the industry with unrivaled education, expertise and trailblazing innovation. For more than 40 years, Associa has provided solutions designed to help communities achieve their vision. To learn more, visit\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=vFn4MU0t8UB__77GvUWnkiNHirFBph9fUmhOj3ueFVIZkp9iBjlsd4loj4h3n4EYklKNgiHdoGDkgzjHu-V1CfTbzHE_QrlK7DLH_pjlclA=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.associaonline.com<\/a>.<\/p>\n<p>\n        <b>About AICPA<\/b>\n      <\/p>\n<p>The American Institute of Certified Public Accountants is the world\u2019s largest member association representing the accounting profession and has a history of serving the public interest since 1887. Today, AICPA has 431,000+ members in 137 countries and territories, representing many areas of practice, including business and industry, public practice, government, education and consulting. To learn more, visit\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Ghiu3pARYf_3rcZbeWTDuystkBrNWG3OwTensHz00qL2VRuwrCt7bcsyv_nAL0Mo7TwcHHDdFSWSxZAsftTyUrly2ktlXN_ly1gZ-Dd1qu8=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.aicpa.org\/<\/a>.<\/p>\n<p>\n        <strong>Stay Connected:\u00a0<\/strong>\n      <\/p>\n<p>Like us on Facebook: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Ghiu3pARYf_3rcZbeWTDu-Lqf26ph6divU8_jLTydk50zKYksMqFSTQNaOYoqPOugi67ZN_sagsvN0Sv4cPTQLU50Y8kQr8ZGoTI0tB__D6obCrXTlVKqfaf6HBq7GEb\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.facebook.com\/associa<\/a>\u00a0<\/p>\n<p>Subscribe to the Blog: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Ghiu3pARYf_3rcZbeWTDuzYAXfh1zrq-8iklvg_P00Uh3oruNfDNEGM6MAveA9y18jMqliWFZp0RpOkiPQW4vDSe6jd4VIHt0I6kDMfHCrw=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/hub.associaonline.com\/<\/a><\/p>\n<p>Follow us on Twitter: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Ghiu3pARYf_3rcZbeWTDu3fAXtuneKTbS5webCtOLjVt5nK3npH_Rv-FMOZj3O47A09IWvDBZfghviKBK2i0TJ5vnk1xPJfmVCLKOCROaug=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/twitter.com\/associa<\/a><\/p>\n<p>Join us on LinkedIn: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=C1c9sRiWSqEH7bGU9zMWE_js6sMcIP_PBz4cP0cIyZhqNRsBxquRg1GEQ6MjfBQOJOCwqlfWywC1rptLhXlsXeyJCW8NOY4pwIRL8ZmNat-D94Y4S28soe9Zk_NoNsrQQmR4rC9WNEgLIEoCwdS8SQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">http:\/\/www.linkedin.com\/company\/associa<\/a><\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNDMxMiMzODg3MzAyIzIwODY2MjE=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/9e4bdcf5-80c4-42f8-9882-fa133469bff4\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\">\n<pre>Ashley Cantwell\r\nAssocia \r\n214-272-4107\r\nacantwell@associaonline.com\r\n<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Dallas, TX, Dec. 17, 2020 (GLOBE NEWSWIRE) &#8212; Associa, the industry\u2019s largest community management company, has completed an attestation under the American Institute of Certified Public Accountants\u2019 (AICPA) Service Organization Controls related to internal controls for financial reporting and operating effectiveness for user organizations, SOC 1 (SSAE 18) Type 2 service auditor\u2019s report, after undergoing the engagement performed with the independent auditing firm\u00a0NDNB Assurance LLP.\u00a0 The SOC 1 Type 2\u00a0report includes\u00a0an examination that follows the AICPA\u2019s Statement on Standards for Attestation Engagements guidelines that evaluates the description of the system(s) Associa operates on behalf of its user organizations (customers) and the operating effectiveness over a minimum six-month period.\u00a0\u00a0These systems are relevant to the internal control processes related to financial reporting &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/associa-completes-american-institute-of-certified-public-accountants-system-and-organization-control-compliance-attestation\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Associa Completes American Institute of Certified Public Accountants\u2019 System and Organization Control Compliance Attestation&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-402233","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - 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