SOC 1 Audit
A SOC 1 engagement is an audit of the internal controls which a service organization has implemented to protect client data, specifically internal controls over financial reporting. SOC 1 is the standard used by CPAs during a SOC 1 engagement to evaluate, test, and report on the effectiveness of the service organization’s internal controls.
A SOC 1 audit provides reasonable assurance to your publicly traded clients and their auditors that you have implemented effective internal controls over financial reporting.