May 4, 2016
Leading Auditors evaluates Adrenalin for ISAE 3402 SOC Type 2 Report
Adrenalin eSystems Limited, a global HCM player is pleased to announce that it has successfully completed an independent audit reporting by reputed Service Auditors for its global Cloud based Human Capital Management solutions and related services based on International Standards for Assurance Engagements (ISAE) No. 3402. The service auditors have given an ISAE 3402 SOC Type II Report.
The reporting of ISAE 3402 Type II recognises Adrenalin has sufficient measureable controls designed in its processes that are related to delivery of their services to customers, and also the audit assures effectiveness of controls implementation by the independent service auditor. The service auditor report was given after detailed examination of the presence of measureable controls in the service organization.
What does it mean to our customers?
The report of ISAE 3402 Type 2 gives assurance to our customers and prospective customers that the services rendered in cloud business by Adrenalin is audited regularly, and most importantly that Adrenalin’s processes involved in the delivery of service are designed with acceptable standard.
From a compliance point of view, customers that obtain a Service Auditor's Report from Adrenalin eSystems receive valuable information regarding the Adrenalin’s controls and the effectiveness of those controls. The customer receives a detailed description of the service organization's controls and an independent assessment of whether the controls were placed in operation, suitably designed, and operating effectively (this can be seen since in our case its SOC Type II report).
Customers should provide a Service Auditor's Report to their auditors. This will greatly assist the user auditor in planning the audit of the company’s financial statements. Without a Service Auditor's Report, the Customer would likely have to incur additional costs in sending their auditors to the service organization to perform their procedures.
At Adrenalin we will constantly provide our customers with product and services that are supported by industry-leading standards and practices that enable them to achieve competitive advantages in their respective markets.