Renovo Services Completes Service Organization Control (SOC) 1 Type II Audit

Press Release

Chicago, IL – September 5, 2012 –  Renovo Services, LLC, the vehicle transition industry’s most fully integrated single-source solution to the financial services industry, announced today that it has successfully completed a SSAE 16 (Service Organization Control (SOC)) 1 Type II audit.  This audit was conducted by McGladrey LLP, (the fifth largest U.S. provider of assurance, tax and consulting services), and examines the effectiveness of internal controls supporting Renovo Services asset recovery and remarketing business. SSAE 16 is the new auditing standard developed in 2011 by the American Institute of Certified Public Accountants (AICPA) to replace SAS 70.

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