SOC 1
Shows how your control environment affects your customer’s internal control over financial reporting (ICFR).
What is a SOC 1 report?
A SOC 1 report evaluates the internal controls of a service organization that are relevant to its clients’ financial reporting. It’s designed for businesses that impact their customers’ financial statements. Issued by an independent CPA, a SOC 1 report helps demonstrate that your systems are designed and operating effectively to protect the accuracy and integrity of financial data.
Industries that benefit from this report
- Payment Processors
- Loan Servicers
- Investment Management Firms
- Payroll Providers
- Claims Processors
- FinTech
