TaxConnex Completes SOC 1 and SOC 2 Type 2 Audits

Earlier this month, TaxConnex completed and made available to our clients the results of our SSAE 16 (SOC 1) and SOC 2 Type 2 reports.  We’re proud to announce that our independent auditors noted no exceptions during their testing.

TaxConnex initiated the audit process because we want our clients to know that TaxConnex has a process they can trust.  Now, it’s not just something we say, but it’s something that has been validated by an independent third party.

The successful completion of these audits marks an important milestone in our business as companies continue to trust their tax compliance reporting and payment remittances to TaxConnex.  Having the tax compliance reporting and payment remittance housed under one roof has proven to be an important decision criterion for companies.  Many other firms that provide a similar service rely on a third party payment processor which introduces two separate businesses into a process that is best centralized with one provider.

The audits reviewed numerous aspects of our business including establishing and testing the initial set-up of new clients, the controls designed to ensure accurate and timely return preparation and filing, data security and integrity, and most importantly the management and payment of tax remittances on behalf of our clients.

We believe the successful completion of the audits will continue to be important as our clients look for assurances that we are optimally managing their tax compliance process.  In addition, the reports are almost mandatory to serve any publicly traded company.  We’ll continue to invest in annual audits and reports and expect similar unqualified opinions from our independent auditors

If you are a TaxConnex client and wish to review the audit results, feel free to contact me or your Practitioner.