Toronto, March 14, 2018 – PortfolioAid is pleased to announce that it has successfully completed its 2017 Service Organization Controls (SOC) 2 Type II audit.

Which principles were evaluated and what does that mean for our clients?

PortfolioAid’s policies, procedures and controls were assessed against the following 4 principles:

  • Security: PortfolioAid360° is protected against unauthorized access (both physical and logical).
  • Processing integrity: PortfolioAid360° processing is complete, accurate, timely, and authorized.
  • Availability: PortfolioAid360° is available for operation and use as committed or agreed.
  • Confidentiality: Information designated as confidential is protected as committed or agreed.

Since 2001, PortfolioAid has been a proud provider of intelligent software solutions to the Canadian financial industry to improve the ease, accuracy and cost efficiency of compliance activities. Throughout this pursuit, PortfolioAid has maintained its commitment to security as a top-level business priority. The service audit, conducted by independent accounting and auditing firm Grant Thornton LLP, evaluated the design as well as the operating effectiveness of the controls at PortfolioAid as they relate to the principles and standards set forth by The American Institute of CPAs (AICPA).

PortfolioAid’s clean (passed) SOC 2 Type II report, for the period of January 1, 2017 to December 31, 2017, is now available for release to all clients.