OATI Successfully Completes SOC 1 Examination for Fifteenth Consecutive Year
Minneapolis, MN: November 11, 2020
OATI is pleased to announce the successful completion of the Type 2 Service Organization Controls (SOC) 1 Attestation issued under the Statement on Standards for Attestation Engagements No. 18 (SSAE 18) for 2020 — our fifteenth consecutive success in externally auditing OATI’s controls and processes for a service organization.
The Type 2 SOC 1 Report issued by Schellman & Company, LLC assesses the description of a service organization’s system, the suitability of the design and the operating effectiveness of the controls to meet the objectives in the description — as well as user entities’ control over financial reporting. During the period of October 01, 2019 — September 30, 2020, service auditors evaluated OATI’s system description and determined the design and operating effectiveness of our controls were sufficient in meeting the objectives established in the description. During the COVID-19 outbreak, auditors were able to successfully conduct live virtual tours of the OATI Data Centers. Being able to maintain compliance with our internal controls during these unprecedented times is a testament to the diligence of our controls.
“Always adhering to the stringent industry compliance standards and providing transparency to our customers is what we at OATI strive to achieve,” said OATI President and CEO, Dr. Sasan Mokhtari. “As a trusted name in the energy industry, we will continue to ensure all our customer needs are met with effective services and controls.”
OATI provides innovative solutions that simplify, streamline, and empower the operational tasks required in today’s energy commerce and Smart Grid. Serving more than 2,200 customers in North America, OATI successfully deploys and hosts diverse mission-critical solutions committed to industry standards and stringent security guidelines.
OATI (www.oati.com) is a leading provider of Smart Grid, Energy Trading and Risk Management, Transmission Scheduling, Congestion Management, Distribution, and Market Management products and services. OATI is headquartered in Minneapolis, Minnesota, with offices in California, Punjab, Telangana, and Singapore. For more information, please contact email@example.com.