Why is Payroll Plus MX compliance with ISAE 3402 SOC Type II important?
Compliance with these standards demonstrates that Payroll Plus is committed to use internationally recognized process and best practices to deliver its services.
ISAE 3402 Certification
ISAE 3402 certification is one of the most effective ways in which a service company lets know an interested third party the controls the organization has about information and services rendered.
There are two types of service audit than can be presented:
While the Type I report describes the controls of the organization on a specific date, Type II not only includes the organization’s control description, but also includes detailed proof of the company’s controls endorsed by a third party, not part of the organization, which is validated on a yearly basis.
In this case, Payroll Plus MX is audited under the certification norm ISAE 34023 Type II.
SOC 1 Type II Report
The method used by the auditor was based on the AICPA normativity: “Statement on Standards for Attestation Engagements (SSAE 16)”. This methodology is for organizations that carry out external services that affect other companies’ financial statements.
Based on this, the report SOC 1 Type II is issued, which includes a general description of the controls and systems of the organization, a written statement by the administration and the certification of the auditor over the statement.
You can view our audit certification for ISAE 3402, and the certifying auditor’s report here: