SOC1 Reports Attestation Services
What is SOC 1?
SOC 1 is a reporting framework that focuses on evaluating the controls at service organizations related to financial reporting.
- Developed by the American Institute of Certified Public Accountants (AICPA)
- Ensures service providers maintain effective Internal Controls over Financial Reporting (ICFR)
- Helps clients meet regulatory and compliance requirements
Types of SOC 1 Reports
SOC Type 1:
- Evaluates the design and implementation of controls
- Assessed at a specific point in time
SOC Type 2:
- Assesses the operational effectiveness of controls
- Evaluated over a defined period
