AUL Corp. is proud to announce that they have completed the requirements for a Service Organization Control (SOC) 2 type II Audit. Specifically targeting service firms and with a focus on security, availability, processing integrity, confidentiality and privacy, SOC 2 best meets the demands of the Vehicle Service Contract marketplace. This extensive report provides independent validation that AUL's internal controls are in accordance with the selected Institute of Certified Public Accountants' trust services principles and criteria. One of the leading independent auditors, Armanino completed the SOC 2 audit verifying that AUL's processes and systems meet all the requirements for security, availability and confidentiality. Armanino is the largest California-based CPA and consulting firm and one of the top ten fastest-growing large accounting firms in the nation. Their expertise in SOC 2 audits brought tremendous resources to the project for AUL.
"The completion of the SOC 2 audit is another key step in the growth of AUL and verifies our commitment to our customer's data safety and security," said Jimmy Atkinson, AUL's Chief Operating Officer. "We believe that by following best practices and current regulatory guidance, we make AUL a stronger, more effective partner for our agents, dealers, and contract holders."
"Achieving SOC 2 compliance is a major milestone for any service provider and demonstrates a significant commitment to a strong internal control environment. Obtaining a SOC2 report is a major differentiator for AUL as they look to continue growing their business," said Liam Collins, of Armanino.
Why is SOC 2 important to AUL Customers? A service company like AUL has to meet the stringent standards in place for a SOC 2 audit to ensure that our client's data is well protected. AUL has demonstrated that we have adequate controls in our data systems, technologies, and processes. AUL chose to become SOC 2 type II compliant rather than a SOC2 type I or a SOC 1 because it means controls are effective over a period of time rather than at a point in time, and it is more applicable to our industry as it deals with data security rather than just financial information. In addition to obtaining the SOC 2 certification, AUL is investing in platform enhancements to its infrastructure, adding additional layers of redundancy and increased monitoring of the entire IT platform.
About AUL Corp.
AUL Corp. founded the national, used car service contract industry in 1990, with its still famous Any Year, Any Mileage® Vehicle Service Contract. AUL continues leading its industry and is the only provider of its type authorized to conduct business in all 50 states. AUL enjoys a long relationship with its underwriters, who hold an A.M. Best rating of "A" Excellent. AUL Corp. also enjoys the longest relationships in the industry with its agent and dealer clients, as verified by independent third-party research. AUL's mission is to be the premier service contract administrator in America by any quantifiable measurement of business activity. To find out more, please visit www.aulcorp.com.