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What does it mean that Bill.com has completed a SAS70 Type II Audit?

April 26, 2017audit bill.com ii mean sas70 type

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What does it mean that Bill.com has completed a SAS70 Type II Audit?

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It’s an assurance for you to breathe easy. We have been through a widely recognized audit of our control objectives and activities by a leading national CPA firm, and have demonstrated that we provide adequate controls and safeguards for your financial data.