SSAE 18 Audit
SSAE 18 is an audit that effectively examines a company’s internal procedural framework, serving to strengthen SBS Payroll’s internal controls and promote change or improvements where needed. The SSAE 18 audit provides clients with an added guarantee that SBS strictly monitors payroll funds, tax trust accounts, and sensitive client/employee data with internal controls.
$50 Million Dollar Crime Bond
SBS Payroll’s $50 million crime bond covers client funds for losses incurred as a result of fraudulent acts by specified individuals. This insurance policy protects from losses of company monies, securities, and other properties that SBS manages.
Annual External Financial Audit
Annual financial audits provide an objective examination of SBS Payroll’s financial statements. The annual audit is conducted by an independent CPA firm and ensures that our financial statements fairly represent SBS Payroll’s fiscal position, therefore reducing investor and client risk.
Semi-Annual Internal Financial Audits
SBS also conducts semi-annual internal financial audits to improve accuracy and timeliness. Our focus on internal controls provides added assurance that employees are following SBS Payroll’s strict accounting policies when handling sensitive information.