SSAE 16 SOC 1 Type 2
Where applicable, Akcelerant has completed a SSAE 16 SOC 1 Type 2 audit. The
audit was performed by Auditwerx, a leading Certified Public Accounting Firm
that specializes in SSAE auditing standards. The final report showed
Akcelerant's operating effectiveness to be in compliance.
Legal, Accounting, & Audit
Akcelerant has engaged DLA Piper to perform its legal work. DLA Piper regularly
reviews Akcelerant's legal agreements to insure compliance with applicable rules
and regulations. Additionally, they maintain the company's operating agreements
and provides legal counsel for board and unit holder meetings.
Akcelerant has Elko Associates as its corporate accountant and auditor. Elko
performs an annual financial audit and issues a letter of Akcelerant's financial
health and compliance with GAAP.
While Akcelerant is a private company, we have
always taken the posture that management of the company should be in accordance
with good business practices and governed similar to a public company. From the
beginning, the company has engaged professionals in the areas of legal,
accounting and audit to assist with the development of its policies and
Akcelerant adheres to GAAP, and an annual audit is performed by Elko and
Associates, Ltd. Elko produces audited financial statements, as well as a letter
to Akcelerant's customers to indicate Akcelerant is in compliance with all
applicable law and has sufficient resources for continued operation and future
Board of Directors
Each Akcelerant company has its own board including outside members. Akcelerant
believes that having outside members on its board provides for better corporate
management. Board meetings are held regularly according to company operating
Akcelerant demands that all of its employees and contractors undergo drug
screening, criminal background and credit checks. To be hired, as well as stay
employed by Akcelerant, all employees may not have any criminal convictions, be
drug free and have a good credit score commensurate with the appropriateness of
the types of customers we serve.
Akcelerant recognizes that its customers deal with sensitive personal data of
their members or customers. Akcelerant regularly educates its employees on the
need to keep this data private should they come in contact with it.
Additionally, Akcelerant requires all employees to sign an employment agreement
that outlines their adherence to policies and procedures associated with
Akcelerant adheres to strict physical and data security. Its' premises are
secured by card access, cameras and other appropriate means. Access to data is
provided on a need basis, and strictly structured passwords are required to be
changed every 40 days.