FirsTech announces successful completion of SSAE 18 Examination
FirsTech Inc., an innovator in payment processing solutions in St. Louis and Decatur, has announced the issuance of an unqualified SOC-1, Type 2 report with zero exceptions for the eighth consecutive year. The examination, performed in accordance with the Statement on Standards for Attestation Engagements No. 18 (SSAE 18), was conducted by Schellman & Company, LLC. Schellman is an independent third-party auditor and one of the leading providers of attestation and compliance services.
SSAE 18 is an attestation standard that establishes the requirements and guidance for reporting on controls for a service organization relevant to user entities’ internal control over financial reporting. “Type 2” reports are opined on management’s description of a service organization’s system, including both the design and operating effectiveness of controls.