The SOC 1 audit is based on an attestation standard developed by the American Institute of Certified Public Accountants (AICPA) to be used in the auditing of third-party service organizations, whose services are relevant to their clients’ impact over...
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The SOC 1 audit is based on an attestation standard developed by the American Institute of Certified Public Accountants (AICPA) to be used in the auditing of third-party service organizations, whose services are relevant to their clients’ impact over financial reporting.
A SOC 1 Type I report is an attestation of controls at a service organization at a specific point in time. It reports on the description of controls provided by management of the service organization and tests that the controls are suitably designed. A SOC 1 Type II report is an attestation of controls at a service organization over a specified period of time. It reports on the description of controls provided by management of the service organization and attests that the controls are suitably designed, implemented, and operating effectively.
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