FOR IMMEDIATE RELEASE
Vancouver, British Columbia - March 2, 2012 - OnPayroll.ca has completed the third party examination under standards established by the American Institute of Certified Public Accountants (AICPA). SSAE 16, Reporting controls at a Service Organization (AICPA, Professional Standards) is an attestation standard that establishes the requirements and guidance for reporting on controls at a service organization relevant to user entities' internal controls over financial reporting. ISAE is the International attestation.
OnPayroll.ca is the first Independent Payroll Service bureau in Canada to successfully complete an ISAE 3402/SSAE 16 examination. Bill Smyth, President of OnPayroll.ca commented, "I'm incredibly excited that we are a leader in attaining the attestation, specifically the international one that will service our clients well."
The examination completed in February 2012, was a Type I SSAE 16/ISAE 3402 examination and covered areas of operations including Physical Security, Environmental Security, Computer Operations, Information Security, Application Change Control, Data Communications, Client Implementation, Payroll Processing and Reporting, Tax Payment and Filing, Third Party payments, Cheque Printing, and Direct Deposits . The examination was carried out by the Service Auditor BrightLine CPAs & Associates, Inc. . The resulting report concluded that OnPayroll.ca established control activities that are suitably designed to meet the information technology and business process areas previously mentioned.
OnPayroll.ca has committed to proceed to the next level of attestation referred to as a Type II examination, which will cover a minimum review period of six months. The achievement of this milestone is particularly important for OnPayroll.ca as a large portion of its clients are Internationally based public companies with operations in Canada, many of whose auditors rely on such attestations. Completion of the ISAE 3402 examination signifies that OnPayroll.ca has established a consistent set of processes and procedures utilized in the management of its clients' payrolls.
OnPayroll.ca Corp., founded in 1989, provides a highly personalized and customized Canadian Payroll and Human Resource solution to small and medium sized businesses doing business in Canada. Clients presently serviced originate in the UK, Australia, New Zealand, India and the United States as well as in Canada. Additional services include Time and Attendance, Benefits management, Extended Health and Retirement Programs.
OnPayroll.ca is a privately owned company founded in 1989. We are headquartered in North Vancouver, British Columbia. Since its inception, OnPayroll.ca specializes in providing Canadian Payroll and Human Resources services to international companies with Canadian employees working in Canada. OnPayroll.ca has become a major market leader in the Payroll and Human Resources industries by providing innovative software solutions, incorporating best practices and emerging technologies into a complete suite of outsource solutions.
For more information:
Tel: 604.987.2622 or 1.800.955.0806