Pangburn has successfully completed an American Institute of Certified Public Accountants (AICPA) System and Organization Control (SOC) Type 2 examination conducted by NDB Accountants & Consultants, LLP. In doing so, Pangburn maintains its adherence to one of the most stringent, industry-accepted auditing standards for service companies and provides additional assurance to its clients, through an independent auditor, that its business process controls, information technology (IT), and risk management controls operate effectively.
The official audit report provides a thorough review of Pangburn’s internal controls, policies, and processes for recordkeeping nonqualified benefit plans and employer owned life insurance programs. It also reviews Pangburn’s entire IT infrastructure, software development life cycle, change management, logical security, network security, physical & environmental security, and computer operations.
Pangburn has successfully completed an SSAE 18 (SOC) 1 Type 2 audit (formerly SSAE 16 (SOC 1) Type 2 and SAS 70 audit) for eleven consecutive years.