A SOC 1 Report, also known as a Service Auditor’s Report, is a detailed document that provides an independent assessment of a service organization’s internal controls over financial reporting. SOC 1 Reports are typically requested by user entities, such as auditors, regulators, or clients, who rely on the services of the organization and need assurance about the effectiveness of its internal controls. These reports provide a comprehensive overview of the control environment, control objectives, and the testing performed by an independent auditor.
Best Practices for Navigating a SOC 1 or SOC 2 Audit
Whether it's to assure stakeholders of the robustness of your internal controls, or as a statutory requirement, Service Organization
