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IIJ receives a new SSAE16 Type 2 report assessing internal controls over its IIJ Raptor Service
TOKYO-April 2, 2013-Internet Initiative Japan Inc. (IIJ, NASDAQ: IIJI, TSE1: 3774), one of Japan's leading Internet access and comprehensive network solutions providers, announced today that it received an SSAE16 Type 2 Report, the Statement on Standards for Attestation Engagements No.16 (hereafter referred to as "SSAE16"), on March 28, 2013 for its IIJ Raptor Service, a cloud-based foreign exchange (FX) platform provided to financial institutions.
In March 2012, IIJ was the first in the industry to receive an SSAE16 Type 2 Report for its cloud computing service, IIJ GIO Component Service (IaaS). This time, independent auditors have issued a second SSAE16 Type 2 Report which assesses the operational systems of its IIJ Raptor Service (SaaS). This additional report provides IIJ’s customers more transparency to the controls over the services that IIJ provides them.
Customers can also benefit by using the SSAE16 Type 2 Report to reduce the amount of effort required to comply with external audits and other assessments of their internal controls.
IIJ continues to make efforts to provide its customers with even more secure services by for example attaining the SOC2 (AICPA standard) Report, a security-related auditing report, and by making further improvements to system management for compliance with FISC security guidelines.
SSAE 16 is an attestation standard issued by the American Institute of Certified Public Accountants (AICPA) for assessing the effectiveness of internal controls at companies engaging in outsourcing services and similar fiduciary operations. Type 2 Reports are attestations by independent auditors of the appropriateness of the system description, the sufficiency of control objectives and related controls, and the operation effectiveness of those controls during the assessment period.
IIJ Raptor Service
IIJ Raptor Service is a proprietary SaaS-based FX system for financial service providers, that is compatible with Click 365, Daisho FX, and OTC. Its core engine uses hybrid memory database and parallel-processing technology, and it has specific functions for investors, administrators and dealers.