Delivering on the Promise of SOC 1 compliance.

Achieve compliance and gain market share. Stop redundant customer audits. Gain a partner who understands your industry and the regulatory pressure you face. Get SSAE 16/SOC 1 compliant through Skoda Minotti audit specialists that will design a customized process to help your organization benchmark and compare internal controls against industry best practices.

Understanding SSAE 16. SSAE 16/SOC 1 is an internationally recognized third-party assurance audit designed for service organizations that replaced SAS 70 in 2011. Service organizations that impact their clients client financial reporting should consider an SSAE 16 to meet customer requirements. If security, confidentiality, availability or processing integrity is a critical concern, a SOC 2 report may be the more appropriate standard.

Why Skoda Minotti Risk Advisory Services? We’re a full-service advisory firm with niche practice experience—and we are easy to work with. Our creative, talented consultants are committed to implementing the latest technology to build efficiencies. With more than 30 years of proven history in our field, we bring time-tested solutions and the latest innovations to your company.

Benefits of a SSAE 16/SOC 1 report. SSAE 16/SOC 1 provides service organizations benchmarks for comparing internal controls, and while similar to the former SAS 70, there are some new requirements. Skoda Minotti can help you work through these details and achieve compliance.

Gain Compliance. One Up the Competition. Give customers confidence that your service organization meets the highest global standards for internal controls. Differentiate your company from competitors. Eliminate additional customer audits and self-assessment questionnaires. Gain instant credibility, the potential to grow your market share, and the ability to independently assess controls.

SSAE 16 Examination Services:

  • SSAE 16 Readiness Assessment. Preparing for your first SSAE 16/SOC 1 audit? This is where we’ll start. Skoda Minotti conducts readiness assessments for organizations that are new to SSAE 16/SOC 1.
  • SSAE 16 Transition Services. Ensure compliance with new SSAE requirements as you move from SAS 70 compliance to this updated standard.
  • SSAE 16 Type I. You have policies and procedures in place, but need to gain a better understanding of SSAE 16/SOC 1. A Type 1 engagement prepares an organization for the Type II report, and provides an assurance report on the design of internal controls as of a specified date.
  • SSAE 16 Type II.  Earn the highest level of assurance for SSAE 16. Type 2 reports are the de facto standard for using a third party assurer like Skoda Minotti and involve inquiry, observation, inspection and performance testing of internal controls.

Your Guide. Which SOC report does your company need? Click below to get your free reference guide.

Questions? Contact Ben Osbrach and he’d be glad to help.

Ben Osbrach, CISSP / CISA / QSA