Accounting
LeaseCrunch Completes SOC 2 Type II Audit
The examination was performed by Skoda Minotti, an accounting, risk advisory and compliance firm.
Nov. 13, 2019
LeaseCrunch, a lease accounting software made by former CPA firm auditors for CPA firm auditors, has completed a System and Organization Controls (SOC) 2 Type II Audit examination.
“Our clients rightfully demand a software solution that has strong controls in place around security and calculation accuracy,” said Ane Ohm, LeaseCrunch Co-Founder and CEO. “We are happy to go through the effort involved in this SOC 2 Type II examination to demonstrate our commitment to software excellence.”
The examination was performed by Skoda Minotti, a leading risk advisory and compliance firm.
SOC 2 engagements are performed in accordance with the American Institute of Certified Public Accountants’ (AICPA) AT-C 205, Reporting on Controls at a Service Organization and based on the trust service principles outlined in the AICPA Guide, Reporting on Controls at a Service Organization Relevant to Security, Availability, Processing Integrity, Confidentiality, or Privacy. The SOC 2 Type II report is performed by an independent auditing firm and is intended to provide an understanding of the service organization’s suitability of the design and operating effectiveness of its internal controls.
Skoda Minotti’s testing of LeaseCrunch’s controls included examination of policies and procedures regarding network connectivity, firewall configurations, systems development life cycle, computer operations, logical access, data transmission, backup and disaster recovery, and other critical operational areas of their business. LeaseCrunch received a Service Auditor’s Report with an unqualified opinion demonstrating that their policies, procedures, and infrastructure meet or exceed the stringent SOC 2 criteria.