SOC 1 Compliance and Attestation Services
SOC 1, or Statement on Standards for Attestation Engagements 1, is an auditing standard developed by the American Institute of Certified Public Accountants (AICPA). SOC 1 reports are used to evaluate the effectiveness of an organization’s internal controls related to financial reporting. The purpose of SOC 1 compliance is to provide assurance to the customers, service organizations, and their auditors about the design and operating effectiveness of controls relevant to financial reporting. SOC 1 compliance is particularly relevant for service organizations that provide services to their customers that are likely to impact their customers’ financial statements. Examples of such service organizations include data centers, payroll processors, and software-as-a-service (SaaS) providers.
SOC 1 Compliance
Services
SOC 1 Compliance
Services
Gap Analysis
Perform a gap analysis to compare the organization's existing controls against the SOC 1 criteria. This analysis helps identify any control deficiencies or gaps that need to be addressed for compliance.
Control Design and Implementation
Assist in designing and implementing controls that meet SOC 1 requirements. They help organizations develop effective control procedures and documentation.
Pre-Audit Testing
Conduct pre-audit testing to assess the operating effectiveness of controls and identify any issues that need remediation before the formal audit.
Documentation Review
Review and provide guidance on the documentation of control processes and procedures to ensure they align with the SOC 1 audit requirements.
CPA Attestation
CPA attestation for SOC 1 report and providing support for management assertion and representation.
SOC 1 Audit and Report
Conducting SOC 1 Type I and Type II audit based on the applicable controls.
SOC 1 Compliance and Attestation Process
