Service Organization Controls (SSAE 18) Michael Koeppel · May 13, 2018 Client Issue The Company offered equipment financing. This business required the Company to work with some of the largest financial institutions. In order to effectively finance each transaction, the Company require the necessary financial support from an array of financial institutions – banks, investors, hedge funds, etc., of which the vast majority are substantially regulated. The inability to ensure the financial institutions that the Company had the appropriate internal controls and was operating effectively prevented the company from engagements with numerous regulated financial institutions and required the Company to pay more for its capital. The client’s objective of the SOC reports was to be able to provide th

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