ADP®, a leading global provider of human capital management solutions, today announced that the operations supporting its ADP SmartCompliance℠ Tax Credits module have successfully completed its first Service Organization Controls (SOC) 2 Type 1 audit, helping to provide additional assurance to existing and prospective clients regarding operations controls relevant to security, availability, processing integrity, confidentiality and privacy. The SOC 2 examination was conducted by an independent third-party auditor, which issued an unqualified opinion stating that controls implemented by ADP’s Tax Credits business are suitably designed to provide reasonable assurance that the prescribed criteria would be met for the five Trust Services Principles as defined by the American Institute of Certified Public Accountants (AICPA). ADP research indicates that its Tax Credits business is the first to complete a SOC 2 audit.
“Our clients place a great deal of trust in us to protect and properly handle sensitive information on their behalf,” said Jeanne Madden, vice president of operations supporting the ADP SmartCompliance Tax Credits module. “This SOC 2 report, in addition to the SOC 1 audit, demonstrates ADP Tax Credits’ commitment and dedication to operational excellence. The SOC 1 and SOC 2 exemplify industry-leading standards that we always strive to uphold, and on which we will continue to build.”
ADP’s Tax Credits business has completed SOC 1 Type 2 audits (formerly SAS 70) each year since 2005, and has now completed a SOC 2 audit as well, which is a widely recognized, thorough examination of a service organization’s standards and controls around the following five Trust Services Principles:
Security: The system is protected against unauthorized access (both physical and logical).
Availability: The system is available for operation and use as committed or agreed.
Processing Integrity: System processing is complete, accurate, timely and authorized.
Confidentiality: Information designated as confidential is protected as committed or agreed.
Privacy: Personal information is collected, used, retained, disclosed and destroyed in conformity with the commitments in the entity’s privacy notice and with criteria set forth in generally accepted privacy principles issued by the AICPA and Canadian Institute of Chartered Accountants (CICA).
More information about the ADP SmartCompliance Tax Credits module is available at adp.com/taxcredits.
About ADP SmartCompliance
ADP SmartCompliance℠ is a cloud-based unified platform of outsourced services that helps ease the burden of key employment-related tax and payment compliance activities. This outsourced platform of services can help save time and money by consolidating processes that are disparate and largely manual, virtually agnostic to an organization’s existing enterprise resource planning (ERP), financial or human resources system of record.
With more than $11 billion in revenues and more than 60 years of experience, ADP® (adp.com) serves approximately 620,000 clients in more than 125 countries. As one of the world's largest providers of business outsourcing and human capital management solutions, ADP offers a wide range of human resource, payroll, talent management, tax and benefits administration solutions from a single source, and helps clients comply with some of today’s key human capital management-related tax and payment regulatory and legislative changes, such as the Affordable Care Act (ACA). ADP's easy-to-use solutions for employers provide superior value to companies of all types and sizes. ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine, recreational vehicle, and heavy equipment dealers throughout the world.
ADP and the ADP logo are registered trademarks of ADP, Inc. ADP SmartCompliance is a service mark of ADP, Inc. All other marks are the property of their respective owner(s). Copyright © 2014 ADP, Inc.