Delivering on the Promise of SOC 1 compliance.
Achieve compliance and gain market share ▪ Stop redundant customer audits ▪ Partner with experts who understand your industry and the regulatory pressure you face ▪ 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.
Skoda Minotti provides an affordable, efficient approach to SOC 1 (previously SSAE 16) compliance. We bring Big 4 expertise – without the expense – to clients ranging from small private firms to Fortune 500 companies. Our audit specialists will design a customized process to help your organization benchmark and compare internal controls against industry best practices. We also specialize in assisting with first-time compliance.
Understanding SOC 1. 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’ internal controls over financial reporting should consider a SOC 1 report 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.
Want more information on the transition from SSAE 16 to SSAE 18 ? Click here to learn more.
Benefits of a SOC 1 report. SOC 1 provides service organizations benchmarks for comparing their internal controls with industry best practices. In addition to having a vetted independent third-party review of your organization, additional benefits include:
SOC 1 Examination Services:
Visit our FAQs to find out more about SOC 1 Type I and II examination reporting.
Your Guide. Which SOC report does your company need? Click below to get your free reference guide.