At CyberGuard Advantage, we specialize in delivering SOC 1 audit services to help organizations demonstrate the effectiveness of their internal controls over financial reporting (ICFR). SOC 1 reports are essential for businesses that provide services impacting their clients’ financial data, such as payroll processing, billing, or accounting services.
A SOC 1 report is a type of reporting framework designed by the American Institute of Certified Public Accountants (AICPA). The SOC 1 report provides assurance to user entities (typically clients of service organizations) and their auditors regarding the effectiveness of the service organization's controls relevant to financial reporting.
SOC 1 reports primarily focus on business processes and IT general computer controls which may impact internal regulation over financial reporting. SOC 1 reports are restricted use reports, which mean use of the reports is restricted to:
Management of the service organization (the company who has the SOC 1 audit performed)
User entities of the service organization (service organization’s clients)
The user entities’ financial auditors (user auditor)
Why SOC 1 Matters
SOC 1 reports help assure your clients and their auditors that your controls are designed and operating effectively to support their financial reporting needs. These reports are especially critical for service organizations in industries like finance, healthcare, and technology, where compliance and trust are paramount.
For reports that are not specifically focused on internal controls over financial reporting, SOC 2 audits are more appropriate. SOC 2 audits and focuses on controls at a service organization relevant to security, availability, processing integrity, confidentiality, or privacy.
For more detailed information regarding SOC 1 audits, please download our free overviews through the below links:
Customized Approach
We tailor our audit to align with your operations, ensuring we focus on the controls most relevant to your services.
Streamlined Process
Our efficient methodology minimizes disruption while delivering a thorough assessment of your systems and processes.
Expert Guidance
Our team of experienced auditors provides insights to strengthen your control environment and prepare you for future compliance needs.
Whether you need a SOC 1 Type 1 report to demonstrate control design or a SOC 1 Type 2 report to showcase operational effectiveness over time, CyberGuard Advantage is your trusted partner for comprehensive SOC 1 services.
SOC 1 services can also include ALTA (American Land Title Association) compliance assessments, tailored to address the unique needs of title and settlement companies, clients, and lenders.
Comprehensive Readiness AssessmentWe begin with a thorough evaluation of your organization’s current security controls, identifying any gaps and providing actionable recommendations to ensure you’re prepared for a successful SOC 3 audit.
Expert Guidance Throughout the ProcessOur experienced team will guide you through every step, from aligning your systems with the Trust Services Criteria to ensuring your policies and procedures meet industry standards. We tailor our approach to your specific industry and operational needs.
Efficient and Transparent Audit ProcessWe conduct the audit with minimal disruption to your operations. Our auditors will assess your security, availability, confidentiality, and other criteria to verify your controls are designed and operating effectively.
Ongoing SupportCyberGuard Advantage doesn’t just leave you with the report—we help you establish a roadmap for maintaining compliance and strengthening your security posture over time.
Videos
To learn about SOC audits and the benefits they provide, please watch our videos.
Readiness Assessment
Many first time clients first choose to perform a Readiness Assessment prior to undergoing an SOC audit. For more information regarding our Readiness Assessment services, please click here.
Unlike most CPA and professional service firms, we do not view ourselves as a simple third-party vendor who is tasked with helping you seek a means to an end. Rather, our team establishes a very close-knit relationship with your team, becoming a trusted partner to your business. CyberGuard Advantage always keeps your goals and priorities at the forefront of our services delivery process.
As your trusted service partner, we are your one-stop shop for all your IT compliance and cybersecurity needs. Our tailored compliance solutions and efficient auditing methods allow your company to not only save on audit and compliance costs, but more importantly, reduce your internal level of effort and time your key personnel spend on annual compliance projects. Contact us today to speak to one of our team members and experience the CyberGuard Advantage difference.
