MDSi, Inc Completes Examination in Conformity with Statement on Standards for Attestation Engagements (SSAE) No. 16, Reporting on Controls at a Service Organization
Alpharetta, GA (February 12, 2014) – MDSi, Inc., a leading supplier of technology lifecycle services and networking, voice, server, and storage hardware, today announced that it has recently completed its examination in conformity with Statement on Standards for Attestation Engagements (SSAE) No. 16, Reporting on Controls at a Service Organization for the period January 1, 2013 through September 1, 2013 that was performed by an independent auditing firm.
Completion of the SSAE 16 Type II examination indicates that selected MDSi processes, procedures and controls have been formally evaluated and tested by an independent accounting and auditing firm. The examination included the company’s controls related to: receipt of inventory, issuance/dispatch of inventory, recording of inventory, classification, inventory counts, output of inventory records, physical security, environmental safeguards, information security, change control, backups, incident handling, and data communications.
SSAE 16 is designated by the U.S. Securities and Exchange Commission (SEC) as an acceptable method for a user entity’s management to obtain assurance about service organization internal controls without conducting additional assessments. In addition, the requirements of Section 404 of the Sarbanes‐Oxley Act of 2002 make SSAE 16 reports even more important to the process of reporting on effective internal controls by public companies.
A SSAE 16 examination is widely recognized, because it represents that a service organization has been through an evaluation of their control activities as they relate to an audit of the financial statements of its customers. A Type II report not only includes the service organization's system description, but also includes detailed testing of the design and operating effectiveness of the service organization's controls.
About MDSi, Inc
Established in 1990, MDSi, Inc. is a premier supplier of networking, voice, and data hardware ‐ focused on reducing your costs and minimizing risk. With solutions spanning the IT Lifecycle, we offer new and certified, pre‐owned OEM hardware combined with a full suite of professional services and forward & reverse logistics programs. MDSi provides customized hardware and service solutions which allow our customers to efficiently manage existing inventory and maximize current and future capital investment.
Based in Alpharetta, GA, with EMEA headquarters in the United Kingdom, MDSi is fully EPA compliant, woman‐owned, and an ISO 9001: 2008 organization.