NEW YORK– (BUSINESS WIRE) – Vandaag heeft Moody’s Analytics aangekondigd dat het ImpairmentStudio platform – het middelpunt van onze Current Expected Credit Loss (CECL) – een System and Organization Controls (SOC 1) Type 2-onderzoek heeft voltooid volgens de attestnormen van het American Institute of Certified Public Accountants (AICPA).
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Het rapportonderzoek omvat beleid, operationele procedures en controles met betrekking tot de financiële rapportage van gebruikersentiteiten door een onafhankelijke auditor om objectief te valideren dat de service organisatie voldoet aan de verklaarde beheersdoelstellingen.
Moody’s Analytics ImpairmentStudio™ Platform Completes 2019 SOC 1® Examination
NEW YORK–(BUSINESS WIRE)– Moody’s Analytics announced today that the ImpairmentStudio platform—the centerpiece of our Current Expected Credit Loss (CECL) solution—has completed a System and Organization Controls (SOC 1) Type 2 examination under the attestation standards established by the American Institute of Certified Public Accountants (AICPA).
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The report examination encompasses policies, operating procedures, and controls related to financial reporting of user entities by an independent auditor to objectively validate that the service organization meets its declared control objectives.
Built on the latest cloud-based technology, the ImpairmentStudio platform allows users to automate and simplify the complex processes required to meet the CECL accounting standard. This award-winning solution combines our rich credit risk data, best-in-class analytics, and impairment accounting expertise, and has been celebrated for its completeness and broad CECL automation capabilities.
“We are committed to providing our clients with products that deliver exceptional operational compliance,” said Eric Ebel, Managing Director at Moody’s Analytics. “This SOC 1 Type 2 attestation demonstrates that our ImpairmentStudio solution has met these objectives.”
Click here to learn more about the ImpairmentStudio platform.
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