Tungsten Corporation PLC ISAE 3402 Accreditation
30 Septiembre 2021 - 1:06AM
RNS Non-Regulatory
TIDMTUNG
Tungsten Corporation PLC
30 September 2021
30 September 2021
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Tungsten Corporation plc
("Tungsten" or the "Company")
ISAE 3402 Accreditation
Tungsten Corporation plc (AIM: TUNG), a leading provider of
digital financial management products and software solutions, is
pleased to announce that it has been awarded the International
Standard on Assurance Engagements ("ISAE") 3402 accreditation.
Issued by the International Auditing and Assurance Standards
Board, the ISAE 3402, also known as a control report, has been
developed specifically for outsourcing activities that are related
to the financial reporting of the client. Outsourcing has become an
increasing trend internationally and some businesses rely on a
number of suppliers. This can result in companies losing visibility
on key controls in business process and compliance that have a
direct impact on their financial reporting. These standards are
primarily designed as an accountability report by the service
organisation to the financial auditor of the client.
By successfully completing the ISAE 3402 audit, Tungsten can
assure its clients that best practice and compliance is adhered to
while using the Tungsten Network and bring confidence when
transacting through its platform.
Paul Cooper, CEO of Tungsten Corporation , said, "Going through
an ISAE 3402 audit has been a demanding process which we are
pleased to have come through successfully. We strive to offer our
clients the best experience in the market and this is another way
of demonstrating our commitment. We believe this accreditation
demonstrates a level of security and illustrates the trust our
customers can put in us as a partner."
Enquiries
Tungsten Corporation plc via Tavistock
Paul Cooper, Chief Executive Officer
Ian Kelly, Chief Finance Officer
Canaccord Genuity Limited (Broker and Nominated
Adviser) +44 20 7523
Simon Bridges/Andrew Potts 8000
Tavistock Communications Financial PR & IR
Heather Armstrong
Jos Simson +44 20 7920
Katie Hopkins 3150
About Tungsten Corporation plc
Tungsten Corporation (AIM: TUNG) is the world's largest,
compliant business transaction network. A leading global electronic
invoicing and purchase order transactions network; Tungsten's
mission is centred on enabling a touchless invoice process allowing
businesses around the globe to gain maximum value from their
invoice process.
Tungsten processes invoices for 74% of the FTSE 100 and 71% of
the Fortune 500. It enables suppliers to submit tax compliant
e-invoices in 54 countries, and last year processed transactions
worth over GBP220 billion for organisations such as Caesars
Entertainment, Computacenter, GlaxoSmithKline, Kraft Foods, Mohawk
Industries, Mondelēz International, Procter & Gamble, Shaw
Industries, Unilever and the US Federal Government.
Founded in 2000 and headquartered in London, Tungsten has
offices in the US, Bulgaria and Malaysia, employing over 227
people.
Forward looking statements
This document contains forward-looking statements that may or
may not prove accurate. For example, statements regarding expected
revenue growth and trading margins, market trends and our product
pipeline are forward-looking statements. Phrases such as "aim",
"plan", "intend", "anticipate", "well-placed", "believe",
"estimate", "expect", "target", "consider" and similar expressions
are generally intended to identify forward-looking statements.
Forward-looking statements involve known and unknown risks,
uncertainties and other important factors that could cause actual
results to differ materially from what is expressed or implied by
the statements. Any forward-looking statement is based on
information available to Tungsten as of the date of this statement.
All written or oral forward-looking statements attributable to
Tungsten are qualified by this caution. Tungsten does not undertake
any obligation to update or revise any forward-looking statement to
reflect any change in circumstances or in Tungsten's
expectations.
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