TeleSphere Software, which provides carrier access billing services (CABS), billing mediation, wholesale billing and circuit management, has successfully completed an SSAE 16 audit conducted by the national certified public accountant firm of Moss Adams. The audit measured TeleSphere’s internal controls of financial information and consisted of an evaluation of business and IT process and reporting practices as well as an onsite inspection.
The audit commenced early in the first quarter of 2014, and concluded with the recent receipt of the auditor’s report and opinion.
The SSAE 16 enhanced the former standard for reporting on controls at a service organization, an audit known as SAS 70. According to the SSAE 16 publication put forth by the American Institute of Certified Public
Accountants, a control objective is an attribute that ensures a control or set of controls is operating effectively, and as designed. It’s the basis of the entire SSAE 16 assessment process, and auditors and service organizations often work together in a collaborative manner in developing these control objectives.
“We take the safeguarding of our clients proprietary and billing information very seriously,” said Tom Domako, TeleSphere’s software development and operations manager. “The audit findings confirmed that we have sound controls and processes in place to maintain our clients trust.”