Denver, CO, October 09, 2012 - Rivet Software, the premier provider of standards-based business reporting and analytics software, today announced it has successfully completed a Statement on Standards for Attestation Engagements (SSAE) No. 16 audit and obtained an unqualified opinion. The company engaged an industry leading independent auditing firm to perform the audit.
SSAE No. 16, which replaces SAS 70 is a widely recognized auditing standard developed by the American Institute of Certified Public Accountants, which represents that a service organization has been through an in-depth audit of their control objectives and control activities. In addition, an SSAE No. 16 audit is viewed as meeting the strict requirements of Section 404 of the Sarbanes-Oxley Act of 2002 in assuring the effectiveness of internal controls at service organizations.
A vendor that undergoes an SSAE 16 examination is rigorously evaluated on its controls over its system architecture and the service it provides to customers. The areas of examination include: infrastructure, software, employees, procedures and data handling.
“Third-party audits are strenuous to be sure,” said Emily Huang, Rivet’s Co-founder and SVP of Sales and Marketing, “but they’re the best way we can demonstrate to our clients that we’re responsibly handling and protecting their data.”
Rivet, the most tested and used XBRL management and filing system in the industry, recently introduced an updated version of its popular Crossfire Solutions financial reporting software, Crossfire 5.3. Designed for companies looking to expand the usage of XBRL, Crossfire 5.3 includes an analytics component to both create and consume corporate XBRL filings.
About Rivet Software
Rivet Software provides financial reporting systems that improve the way companies create and consume financial data. Founded in 2003 by software and accounting industry veterans, Rivet’s mission remains to revolutionize global financial communications by enabling financial transparency and leveraging global standards. Headquartered in Denver, CO, the firm employs the most experienced XBRL and financial reporting staff in the industry. Rivet was honored in 2011 and 2012 as an Inc 500 company. For more information, visit www.rivetsoftware.com.
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