Dart Appraisal Completes SOC 2 Examination
Troy, MI, October 1, 2015 - Four years after
becoming the first AMC to complete the SSAE16 Type 1 Audit, Dart
Appraisal, an independently-owned, nationwide appraisal management
company (AMC), today announced the successful completion of the
Service Organization Controls 2 (SOC 2) Type 1 attestation.
This independent attestation validates that Dart Appraisal
has suitably designed controls in place for effectively maintaining
the security and confidentiality of client information.
"In 2011, Dart Appraisal led the way by becoming the first AMC
to complete the SSAE 16 Type 1 Audit," said Michael Dresden,
president of Dart Appraisal. "While it was customary in data
management and financial sectors, completing the audit was a rare
achievement for an AMC at the time. Today we continue to hold
ourselves to the highest industry standards. With our successful
completion of the SOC 2 review, we have again demonstrated our
commitment to retaining the confidentiality and privacy of our
clients' information through effective controls and strict
adherence to compliance and security procedures."
Dart Appraisal was reviewed against the AICPA Trust Services
Principles and Criteria for security and confidentiality, which
includes a thorough evaluation of the design of a company's
processes, procedures, and controls. UHY LLP, an independent
certified public accounting firm conducted the attestation,
evaluating the suitability of the design of controls to achieve the
related control objectives stated in the description. The
successful completion of a SOC 2 Type 1 engagement provides
assurance that there are controls in place that meet the security
and confidentiality principles.
According to the American Institute of Certified Public
Accountants (AICPA), a SOC 2 report "helps differentiate entities
from their competitors by demonstrating to stakeholders that the
entities are attuned to the risks posed by their environment and
equipped with the controls that address those risks."
Dart Appraisal continues to lead the industry as an exclusive,
forward-thinking leader in appraisal management that delivers the
quality and accuracy it promises.