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What is a SOC 1 report?

What is a SOC 1 report?

by | | Blog, SOC 1

A SOC 1 report is an evaluation of a company’s internal controls related to financial reporting. The purpose of a SOC 1 report is to give organizations comfort that their service providers have adequate controls and procedures in place to protect their data and...
SOC 1 vs SOC 2

SOC 1 vs SOC 2

by | | Blog, SOC, SOC 1, SOC 2

Service organizations like yours bear a heavy burden of trust when you handle, store or transmit data from customers who outsource it to you. It is no small task to ensure that this information is kept safe, and that is why you have developed strict internal security...
SOC 1 Audit Checklist

SOC 1 Audit Checklist

by | | Blog, SOC, SOC 1

Third-party companies hired to transmit, hold or store the cardholder data of a business’s customers have a grave responsibility. In this age of viruses, ransomware, and data breaches, all service organizations must institute internal controls, policies, and...
SOC 1 vs SOC 2

SOC 1 Type 1 vs Type 2

by | | Blog, SOC, SOC 1

Understanding the Difference Between SOC 1 Type 1 and Type 2 Reports What Is a SOC 1 Report? The American Institute of Certified Public Accountants describes a SOC 1 report as a “report on Controls at a Service Organization which are relevant to user entities’...