NewswireToday - /newswire/ -
Chevy Chase, MD, United States, 2013/12/09 - Nolan Financial, a leading provider of custom design and administration services for nonqualified deferred compensation plans, announced its nonqualified plan administration unit received an unqualified SSAE -16 report - NolanFinancialGroup.com.
Nolan Financial has successfully completed a SSAE 16 Type II Audit, which resulted in an unqualified report with the American Institute of Certified Public Accountants’ (AICPA). The SSAE-16 audit creates an international platform of required standards for multi-national public companies to easily assess vendors, business processes and overall viability of those companies.
The rigorous examination is conducted annually by an independent, outside auditing firm. Nolan Financial has obtained the SSAE-16 II (formerly known as Statement on Auditing Standard No. 70 Type II) audit report with no exceptions noted for eight consecutive years. This highly specialized audit looks at the design and operating effectiveness of a service organization’s internal controls over processing transactions for client organizations.
Nolan Financial’s receipt of an unqualified SSAE 16 II Report provides assurance to plan sponsors and their independent auditors of the effectiveness of Nolan Financial’s processes, procedures and controls. This report eliminates the need for plan sponsors to incur the expense of testing these controls.
“It’s quite an accomplishment to have eight SSAE 16 II Reports with absolutely no exceptions,” said Michael E. Nolan, President and CEO of Nolan Financial. “Nolan Financial is dedicated to providing best-in-class service to our clients. Each year we spend considerable resources on reviewing and updating our processes, standards and procedures. The SSAE 16 Type II audit demonstrates that Nolan Financial has the necessary controls in place to deliver the best services to our clients.”
About Nolan Financial
For more than twenty-five years, Nolan Financial (nolanfinancial.com) has specialized in the custom design, enrollment, funding and record-keeping of non-qualified retirement plans for the benefit of the senior executives of mid to large size public, private and tax exempt organizations. Nolan Financial is a national practice with offices in Maryland, California, and an administrative center in Texas. Nolan Financial Group is not an affiliate of Lincoln Financial Advisors Corp.
Registered associates of Nolan Financial Group are registered representatives of Lincoln Financial Advisors Corp. Lincoln Financial Advisors does not offer legal or tax advice. Securities offered through Lincoln Financial Advisors Corp., a broker/dealer (Member SIPC). Insurance offered through Lincoln affiliates and other fine companies. Branch Office: 2 Wisconsin Circle, Suite 810, Chevy Chase, MD 20815. CRN-774309-120213