TD Service Company Completes SSAE 16 SOC 2 Audit

Orange, CA, June 4, 2013:  TD Service Company, one of the largest independent trustee firms in the nation, today announced that it just completed a Service Organization Controls 2 (SOC 2) TYPE II examination under SSAE-16 Standards, performed by Utah based auditing firm, Larson and Company. SSAE-16 (Standards for Attestation Engagements) effectively replaced the well-known SAS 70 audit in June 2011. The SOC 2 TYPE II examination provides the highest level of assurance for audits and reports on a company’s design of controls and operating effectiveness.

The purpose of a SOC 2 report is to evaluate an organization’s information systems with regard to security, availability, processing integrity, confidentiality, and privacy. While the well-known SAS-70 focused mostly on financial reporting, the more stringent SOC 2 TYPE II examination centers on information technology. The SOC 2 examination attests that TD Service Company’s controls have been formally examined and thoroughly tested by an independent and certificated firm.

The audit is part of TD Service Company’s extensive investment in technology and security to meet the industry’s ever-tightening requirements. 2012 marked the company’s move to a new corporate facility featuring a purpose-built data center that incorporates the latest security advances and access controls. TD Service Company also partners with IBM Business Resiliency Services to provide “hot-site” facilities and business recovery resources, and tests its plan yearly through full mock-disaster exercises. Regular audits that encompass everything from security policies and procedures to intrusion detection demonstrate an unprecedented level of protection for customer data.

"As the pressure builds to comply with tighter federal and state data privacy and security requirements, we felt the time had come to undergo what is recognized as the most stringent examination in the industry,” said Dale Dykema, CEO of TD Service Company. “Since we began doing business in 1964, our focus has always been to provide exactly what customers need, and today that need is for a vendor that is qualified and able to protect their data. The SOC 2 demonstrates to the industry that we fulfill that need.”