United Debt Holding, LLC, Receives SSAE 16 Type I Attestation Report

United Debt Holding, LLC, company that specializes in the investment and management of financial assets, announced that it has completed its SSAE 16 (SOC 1) Type I audit. This attestation verifies that United Debt Holding has an effective and robust Compliance Management System and the proper internal controls and processes in place to deliver high quality services to its clients.

KirkpatrickPrice, a licensed CPA and PCI QSA firm, performed the audit and appropriate testing of United Debt Holding’s controls that may affect its clients’ data. In accordance with SSAE 16 (Statements on Standards for Attestation Engagements), the SOC 1 Type 1 audit report includes United Debt Holding’s description of controls and the auditors opinion regarding the fairness and suitability of internal controls placed in operation to achieve the specified control objectives.

“Many of United Debt Holding’s clients rely on their systems to protect and store sensitive data,” said Joseph Kirkpatrick, Managing Partner with KirkpatrickPrice. “As a result, United Debt Holding has implemented best practice controls to address information security and compliance risks. Their Compliance Management System, and IT controls and policies and procedures have been tested to ensure the suitability and effectiveness of des ign. Our third-party opinion validates these controls and tests we perform to provide assurance regarding the services provided by United Debt Holding.”

SOC 1 Type I is a reporting on the controls at a service organization that was established by the American Institute of Certified Public Accountants (AICPA). This report is in compliance with the SSAE 16 auditing standards which focus on the controls of a service organization that are relevant to an audit of a user entity’s financial statements. The standard demonstrates that an organization has adequate controls and processes in place. Federal regulations such as Sarbanes-Oxley, Gramm-Leach-Bliley and the Health Insurance Profitability and Accountability Act (HIPAA) require corporations to audit the internal controls of their suppliers, including those that provide technology services.

About United Debt Holding

Founded in 2008, United Debt Holding, LLC specializes in the investment and management of financial assets. United Debt Holding, LLC invests in assets at all stages of the delinquency cycle, including performing, and partially performing consumer credit portfolios. United Debt Holding has established a consistent performance record since inception while remaining compliant and focusing on risk mitigation and brand management for their partners. United Debt Holding, LLC is a member in good standing with the Accounts Receivable Management industry’s most reputable associations.

About KirkpatrickPrice

KirkpatrickPrice is a licensed CPA firm providing assurance services to over 300 clients in more than 40 states, Canada, Asia, and Europe. The firm has over 10 years of experience in information security and compliance assurance by performing assessments, audits, and tests that strengthen information security and internal controls. KirkpatrickPrice most commonly provides advice on HIPAA, SSAE 16, SOC 2, PCI DSS, ISO 27001, FISMA, and CFPB frameworks. www.kirkpatrickprice.com.