DBA International (DBA) on Wednesday issued a Request for Proposals seeking qualified independent third-party auditing firms to provide compliance audits related to DBAs Debt Buyer Certification Program.
If selected by DBA, firms will be designated as an Approved Auditing Firm and will be listed on DBAs website and in collateral material for member companies to choose from when selecting an auditing firm for required program audits.
DBAs Debt Buyer Certification Program requires that certified companies be subject to independent third-party audits to verify compliance with the 19 certification standards required by the program. In addition to scheduled compliance audits, the program allows for limited third-party compliance audits if DBA has reason to believe that a certified company is in violation of program standards.
The goal of the Certification Programs audit requirement is to ensure compliance with the programs standards.
If a certified company is found to be nonconforming, they will be asked to enter into a Remediation Agreement with a plan to re-establish conformity. If remediation is not possible, disciplinary action, including potential expulsion, may occur.
DBAs Debt Buyer Certification Program consists of two types of certification designations: one for companies operating as debt buyers and one for individuals. As of March, DBA has been accepting applications from companies and individuals who wish to become certified. The first certifications were issued in May.
The deadline for submitting a response to the RFP will be the close of business on July 19. A copy of the RFP can be obtained on the certification page of DBAs Web site (www.dbainternational.org).