Bureau of Collection Recovery Completes SAS 70 Type II Audit

EDEN PRAIRIE, Minn.– Bureau of Collection Recovery LLC announced that it has successfully completed a SAS 70 Type II Audit, a stringent auditing standard for service organizations.

SAS 70 Type II was developed by the American Institute of Certified Public Accountants (AICPA) for service providers who wish to prove a high level of control effectiveness to independent auditors, and has become one of the most widely recognized auditing standards for service companies. The Type II audit is more in depth than a standard Type I audit in that the report not only states what the control objectives are but reports on the detailed testing of the service organization’s controls over a defined period.

"Completing the SAS 70 II audit demonstrates our ongoing commitment to our customers," said CEO Marty Sarim, "Our clients entrust us every day with their most important asset, their customer. The SAS 70 report successfully demonstrated that we have well designed control objectives and that the company has processes and procedures in place to execute on those objectives. BCR has always been a leader in the receivables area and is proud to offer a solution that that is unmatched in the industry."

The report covered a 6 month period ending in November of 2009. The report looked at 4 major control areas, consisting of 26 control objectives that were tested and verified. The 4 main control areas were; General Computer, Environmental Security, Organization Administration and Business Process.

About Bureau of Collection Recovery, LLC (BCR)
Bureau of Collection Recovery, LLC incorporated in 1986. BCR is a leader in the Accounts Receivable Management Industry (ARM); specializing in Telecom, Bank Card, Retail Credit Card, Early Out and post Charge Off. BCR is located in Eden Prairie, Minnesota with branch offices in Willmar, Minnesota and Delhi, India; with combined capacity of 775 seats. BCR deploys best of breed technology, UniversalSystems, and experienced leadership to ensure superior service and results. Visit us on the web at www.bureauofcollection.com