National Recovery Agency receives SAS 70 Audit Certification

National Recovery Agency, a nationally recognized Revenue Recovery Company, has successfully completed SAS (Statement of Auditing Standards) 70 Audit.

SAS 70 is an auditing standard developed by the AICPA (American Institute of Certified Public Accountants) The primary purpose of this standard is to allow organizations to disclose information regarding their control activities and processes to customers and (customer auditors) in a uniform format. SAS 70 involves a review of existing controls utilizing industry standards for audit. At the conclusion of the examination ?Service Auditors Report? is issued wherein the independent auditor will offer an opinion regarding the effectiveness of existing controls. SAS 70 audit is a preferred method of proving compliance ? process of reporting effective internal controls within service organizations clients subject to section 404 of the Sarbanes-Oxley Act of 2002. Seligman, Friedman & Company P.C. ? Certified Public Accountants and Consultants, performed the Audit.

In June of this year NRA joined a select group of 36 collection agencies worldwide that have received recognition by the American Collectors Association. – PPMS (Professional Practices Management System) Program. PPMS Is a management system for collection agencies based upon developing, implementing and adhering to a set of industry – specific professional practices and policies. PPMS is an ACA compatible to the ISO 9002 and JCAHO accreditation for the hospital industry)

The above reemphasizes NRA?s practice of sound internal controls, business practices and Continuous Quality Improvements. The established internal control structure will result in minimized risk of error, fraud and irregularities for NRA Clients.

Last year, NRA acquired the assets of National Recovery Agency Inc (Founded in 1976) and Credit Plus Solutions Group Inc. (Founded in 1922). Additionally, NRA Group is a Women Business Enterprise (WBE); it is expected to report record growth in revenue and placements for the current fiscal year.

Jill Kusic Esq. President of NRA Group LLC. Was pleased with the accomplishments of the company and expressed that NRA was one step closer to the mission of 100 % Client Satisfaction.