What is a SOC 1?
SOC 1 is an attestation reporting on your internal controls over financial reporting (ICFR) & governed by the AICPA.
Is this your first SOC 1 audit?
Start with our auditor- proven Readiness Assessment!
We will identify your risks & control gaps, present recommendations, provide audit tips & tricks, and remediate your issues prior to your SOC 1 audit.
SOC 1 Readiness Benefits
- Financial & IT transparency & alignment
- Protects your customers’ and partners’ financial data
- Prevents massive fines from governing bodies like SEC
- Builds trust with investors, customers & executives
Frequently Asked Questions
Is SOC 1 required?
No- however, customers or investors typically request to prove your financial data is protected and secured.
Can SAM help with audit preparation?
Yes! In fact, we can create the entire report & control objectives to ship off to an audit partner for you.
How often do I need a SOC 1 audit?
Every year.
Does SOC 1 overlap with over compliance?
Yes! All the IT processes & company wide controls such as HR, will overlap with SOC 2, ISO, PCI, HIPAA, etc.
In need of further guidance?
Try here.