FBCS Completes SAS-70 Type II Audit

Federal Bond and Collection Service, Inc. (t/a “FBCS”) has successfully completed a SAS-70 Type II audit. The audit was conducted by Friedman LLP (www.Friedmanllp.com) in association with Holmes & Company, LLC (www.HolmesCPAS.com).

SAS70 is one of the most widely recognized auditing standards for service organizations. These standards were developed by the American Institute of Certified Public Accountants (AICPA) for audits of service organizations to evaluate control effectiveness. It provides clients with assurances regarding quality of service and data protection, and relieves institutions from the trouble and cost of performing their own audit.

The SAS70 service auditor’s report assures clients that FBCS has all the necessary controls in place regarding business processes, information technology and security. This allows clients to keep pace with their own regulatory compliance.

About FBCS
FBCS Inc. is a leading provider of a wide range of accounts receivable management and collection services. Since its founding in 1982, FBCS offers creditors and loan servicers customized solutions that are designed to improve performance throughout the revenue cycle. Headquartered in Hatboro, Pennsylvania, FBCS is located in a secure facility, with ample space for up to 250 agents. For more information, please contact Amy Stratz at 800.220.2018 or visit our website  www.fbcs-inc.com

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