LAKE FOREST, Calif., June 8, 2016 - CyberRidge, the Nortridge Software division that manages hosted clients, announced the successful completion of a Service Organization Control (SOC) 2 Type II audit.
The SOC 2 report focuses on a business's non-financial reporting controls as they relate to security, availability, processing integrity, confidentiality, and privacy of a system, as opposed to a SOC 1 report, which focuses on the financial reporting controls.
"Our commitment to industry leading standards and processes help to insure that our hosted clients can depend on the reliability, integrity and security of our platform," said Jeff Possehl, managing partner of CyberRidge and director of business development for Nortridge. "The audit is an affirmation of our dedication to our clients and their business."
Jim Jimenez, partner at SSAE 16 Professionals, said, “CyberRidge's focus on strong internal controls is evident in this report. The successful completion of this audit is a testament to CyberRidge's accountability and its commitment to its clients.”
The audit was conducted by SSAE 16 Professionals, LLP,in accordance with the AICPA SOC reporting standards. SSAE 16 Professionals evaluated CyberRidge/Nortridge's design and operating effectiveness of internal controls and processes related to the Security Trust Services Principle. The firm has found that Nortridge has met or exceeded the expectations and is fully compliant to the standard.
A SOC 2report falls under the AICPA AT 101 guidelines and can also be either a Type I or a Type II. Whereas SSAE 16 (SOC 1) reports are used for audits of controls that impact a user organization’s internal controls over financial reporting (ICFR), SOC 2 reports are intended for service organizations whose services do not impact ICFR. The typical users of a SOC 2 report will include prospective clients of the service organization, management of the service organization, and independent auditors providing services to the user organizations. The SOC 2 audit covers operational and/or regulatory compliance controls and follows pre-defined Trust Services Principles and Criteria.
Nortridge Software LLC, provides lenders and loan servicers with the automation needed to more profitably originate, service, collect and report on loan portfolios. Since 1981, Nortridge has leveraged its experience in banking, lending and software development to provide clients with quality software solutions and excellent support services. Today, the Nortridge Loan System is valued by loan servicing companies representing a wide range of industries and loan portfolio sizes. The company is headquartered in Lake Forest, Calif. For more information, visit: www.nortridge.com.
SSAE 16 Professionals, LLP is a leading firm specializing in SSAE 16 and SOC 2 audits and readiness assessments. Each of its professionals has over 10 years of relevant experience at “Big 4” and other large international or regional accounting firms. Each professional is certified as a CPA (Certified Public Accountant), CISA (Certified Information Systems Auditor), CIA (Certified Internal Auditor), CISSP (Certified Information Systems Security Professional), and/or MBA (Master of Business Administration). For more information, please visit www.SSAE16Professionals.com.
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