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London, United Kingdom, 2007/10/18 - Outsource Partners International, Inc., a member of Russell Bedford International, successfully passes an audit of its internal processes and controls for outsourced finance and accounting functions.
Outsource Partners International, Inc., a member of Russell Bedford International, announced its successful completion of a SAS 70 Type II audit. The audit stands as a third-party independent opinion on the effectiveness of internal controls for outsourced functions such as accounts payable, accounts receivable, project accounting and financial reporting.
SAS 70, an internationally recognised standard developed and managed by the American Institute of Certified Public Accountants (AICPA), validates the adequacy of a service organisation's processes and control activities around the hosting and processing of data. Successful SAS 70 Type II audits assure service providers are operating in stable and secure environments, and they ensure that controls are being effectively implemented by testing processes and controls for a period of at least six months.
Kishore Mirchandani, OPI's President, noted: "The SAS 70 Type II audit serves as a testament to the high degree of rigor we place around our processes and management of client data. No matter if we are providing our clients services in the United States, India or Europe, they can continue to rest assured that their financial information is handled according to internationally recognised standards of security and control."
Clarence T. Schmitz, OPI's Chairman and CEO, added: "Completion of our SAS 70 Type II audit provides yet another display of the secure and thorough manner in which OPI is committed to operating. This audit complements our ISO 9001:2000 and ISO 27001 certifications, and provides credible proof of the strict standards which we follow every day."
About Outsource Partners International, Inc.
Outsource Partners International, Inc. (OPI) is a leading professional services firm dedicated entirely to the provision of finance and accounting outsourcing. OPI delivers customised business outsourcing solutions that range from single service functions, such as accounts payable or accounts receivable, to full-service finance and accounting, including general ledger accounting, SEC financial reporting and risk management.
OPI has more that 1400 associates operating in its offices throughout the United States, Europe and India.
Since OPI's establishment in 2002, the firm has been a member of the Russell Bedford International network.
About Russell Bedford International
Russell Bedford International was established in 1983 by a group of medium-sized independent accounting practices aiming to counter the market dominance of the major multi-national accounting firms.
Russell Bedford is now a closely-connected global association of independent accounting and business consultancy firms in key locations around the world, and is represented by some 200 offices in more than 70 countries in Europe, the Americas, the Middle East, Africa and Asia-Pacific.
All Russell Bedford affiliates are well-established firms offering international business advice and services to local and multinational clients. Most provide a full range of services comprising accounting, auditing, tax advice, general business guidance and financial consulting. In addition, many have special expertise in particular fields, such as international taxation or information technology.