CPA Firm Issues SOC 1 – Type 2 Report and SOC 2 – Type 2 Report at FADEL
FADEL Successfully Meets AICPA Requirements for both Company Controls
over Financial Reporting and Security-related Service Commitments for its Cloud Solutions
New York, NY – December 15, 2022 – FADEL®, innovator of brand compliance, rights management and royalty billing software, today announced that the company has successfully completed both its Systems and Organizational Control (SOC) 1 Type 2 examination and its SOC 2 Type 2 examination. SOC 1 examination reports focus on the controls at a Service Organization relevant to User Entities’ internal control over financial reporting, while the SOC 2 reports focus on a Service Organization’s internal controls designed to meet its service commitments and system requirements based on the Security criteria established by the American Institute of Certified Public Accountants (AICPA). The examination was conducted by a team of specialized auditors at Dansa D’Arata Soucia LLP (www.darata.com). In doing so FADEL maintains its adherence to one of the most stringent, industry-accepted compliance frameworks for service organizations and provides additional assurance to its clients, through an independent auditor, that its business process, information technology and risk management controls are properly designed and operating as intended.
The official examination reports provide a thorough review of FADEL’s internal controls, policies, and processes for the company and for its software platforms which automate and streamline customer processes for brand compliance, rights management and royalty billing. It also reviews FADEL’s procedures relating to risk management and subservice (vendor) due diligence, as well as FADEL’s entire IT infrastructure, software development life cycle, change management, logical security, network security, physical & environmental security, and computer operations.
“We are pleased to have received both SOC 1 and SOC 2 reports showing that we have the appropriate controls in place to mitigate risks related to the services we provide to our customers,” said David Feuerstein, Chief Operating Officer. “These accreditations assure our global, enterprise-level customers that our company has the internal safeguards and controls necessary and that our software and services are secure and protected.”
FADEL®, innovator of brand compliance, rights management, and royalty billing software, has worked with some of the biggest names in media, life sciences, fast-moving consumer goods, publishing, high-tech and advertising. By automating talent and content rights management across videos, photos, ads, music, products and brands, and streamlining the processing of licensing royalties, FADEL’s cloud-based solutions have empowered businesses to significantly maximize revenues and increase process efficiencies. Founded in 2003, FADEL is headquartered in New York City, and also operates offices in Los Angeles, Montréal, London, Paris and Lebanon. For more information, visit fadel.com.
About Dansa D’Arata Soucia LLP
Dansa D’Arata Soucia LLP (“DDS”) is a full service CPA firm based out of Buffalo, New York. Over the past decade, DDS has built a team of auditors dedicated to understanding the AICPA’s Trust Services Criteria and how properly applying best practices to comply with this set of criteria results in mitigation of risk as it relates to protecting sensitive data. DDS understands that a SOC 2 examination can be initially intimidating. As such, DDS has worked tirelessly on finding ways to streamline the examination process to be as minimally invasive as possible on company resources. This allows the management teams of their clients to stay focused on growing their businesses! To learn more about DDS and their SOC services, please contact Daniel Garigen, CPA at firstname.lastname@example.org and visit their website at www.darata.com.