SPRINGFIELD, Ore., July 1, 2015 /PRNewswire/ -- KirkpatrickPrice announced today that Hawes Financial Group, a collection services and healthcare funding group has completed its annual SOC 2 (Service Organization Control) Type II audit. This certification attestation verifies that Hawes Financial Group has the proper internal controls and processes in place to deliver high quality services to its clients.
KirkpatrickPrice, a licensed CPA and PCI QSA firm, performed the audit and appropriate testing of Hawes Financial Group's controls that may affect its clients' financial statements. In accordance with SSAE 16 (Statement on Standards for Attestation Engagements), the SOC 1 Type II audit report includes Hawes Financial Group's description of controls as well as the detailed testing of its controls over a minimum six-month period.
"In each of our businesses we use best-practices to ensure compliance with the relevant laws to protect consumer and client information; but most importantly, to ensure we keep the trust of both consumers and clients in this important area," said Scott Purcell, Chief Operating Officer of Hawes Financial Group. "We have an amazing group of in-house talent in this area and chose KirkpatrickPrice because they are a leading firm in our industry -- providing insight on best practices, while maintaining full independence. They truly are a business partner we value."
"Many of Hawes Financial Group's clients rely on them to protect consumer information," said Joseph Kirkpatrick, Managing Partner with KirkpatrickPrice. "As a result, Hawes Financial Group has implemented best practice controls demanded by their customers to address information security and compliance risks. Our third-party opinion validates these controls and the tests we perform provide assurance regarding the managed solutions provided by Hawes."
SOC 1 Type II is a reporting on the controls at a service organization that was established by the American Institute of Certified Public Accountants (AICPA). This report is in compliance with the SSAE 16 auditing standards which focus on the controls of a service organization that are relevant to an audit of a user entity's financial statements. The standard demonstrates that an organization has adequate controls and processes in place. Federal regulations such as Sarbanes-Oxley, Gramm-Leach-Bliley and the Health Insurance Profitability and Accountability Act (HIPAA) require corporations to audit the internal controls of their suppliers, including those that provide technology services.
About Hawes Financial Group
Hawes Financial Group operates several companies consisting of, but not limited to, HealthFirst Financial, Professional Credit Service, HeRO Business Services, and Hawes Technologies. Each individual company shares a common culture of integrity, innovation and continuous improvement. Collaboratively these companies offer a comprehensive portfolio of accounts receivable solutions. www.hawesfinancial.com.
About KirkpatrickPrice, LLC
KirkpatrickPrice is a licensed CPA firm providing assurance services to over 300 clients in more than 40 states, Canada, Asia, and Europe. The firm has over 10 years of experience in information security and compliance assurance by performing assessments, audits, and tests that strengthen information security and internal controls. KirkpatrickPrice most commonly provides advice on HIPAA, SSAE 16, SOC 2, PCI DSS, ISO 27001, FISMA, and CFPB frameworks. www.kirkpatrickprice.com.
Hawes Financial Group
SOURCE KirkpatrickPrice, LLC; Hawes Financial Group