SOC 1
SOC 1 Report and Certification – Strengthen Confidence in Financial Reporting
A SOC 1 report is an important tool for demonstrating that your organization has control over processes that affect your customers’ financial reporting. For many companies—especially those handling financial transactions or providing accounting services for others—it is a requirement for meeting the expectations of customers and investors.
What is SOC 1?
SOC 1 is an independent audit that focuses on internal controls relevant to financial reporting. The report is based on the ISAE 3402 standard (internationally) or SSAE 18 (in the US), and is often used by accounting firms, cloud service providers, and outsourcing companies.
There are two types:
Type I – Assesses whether the controls are properly designed at a specific point in time
Type II – Evaluates how the controls operate over a longer period of time
What does a SOC 1 audit cover?
The audit reviews policies, processes, and IT systems that are relevant to financial reporting. The goal is to demonstrate that these controls are appropriate and function as intended. This provides your customers with confidence that their financial data is handled securely and accurately.
Benefits of a SOC 1 Report
Increases trust among customers, investors, and partners
Demonstrates that your organization complies with industry standards
Facilitates procurement processes and new business opportunities
Reduces the risk of errors in financial reporting
Take the Step Toward SOC 1 Certification
Want to learn more? Contact Seadot Cybersecurity to get started with SOC 1.
Contact Us
Email:
info@seadot.se
For general inquiries
Emma Stewén, Deputy CEO
emma@seadot.se
+46 76 601 15 10
For questions about our services