Strengthen your financial reporting with SOC 1 compliance.
WHAT IS SOC 1
Your Key to Financial Reporting Excellence
SOC 1, or System and Organization Controls 1, evaluates internal controls related to financial reporting and documents their effectiveness in impacting a user entity’s financial statements.
Evaluation
SOC 1, or System and Organization Controls 1, evaluates internal controls related to financial reporting and documents their effectiveness in impacting a user entity’s financial statements.
Protection
It includes two types of reports: Type 1, which focuses on the design of controls at a specific point in time, and Type 2, which assesses both the design and operational effectiveness of controls over a period.
Reports
SOC 1 helps protect financial information, assures stakeholders, and supports corporate governance. It is a valuable tool for service organizations to demonstrate a commitment to protecting client financial data.
Expertise
I.S. Partners specializes in SOC 1 audits, offering expert evaluations tailored to your operations. With our advanced solutions, you do not need to worry about downtime and even boost your efficiency in a sustainable manner.
PROBLEM
Eliminate Financial Reporting Errors
SOC 1 is designed to address concerns about the effectiveness of internal controls related to financial reporting within service organizations. It provides a structured evaluation of how these controls impact a user entity’s financial statements, ensuring that the controls are well-designed and functioning effectively.
By documenting and assessing these controls, SOC 1 aims to protect the integrity of financial data, enhance transparency, and build trust with stakeholders, thereby supporting accurate financial reporting and compliance with accounting standards.
Are you worried about the accuracy and security of your financial reports? Book a consultation today!
BENEFITS
Maximize Financial Reporting Efficiency With Our SOC 1 Audit Services
Achieve high standards in financial reporting with our SOC 1 Compliance Services.
Expert Guidance
Get comprehensive support throughout the audit process.
Commitment to Governance
Deliver trustworthy SOC 1 audits and ensure compliance.
Accurate Financial Reporting
Establish precise controls and steps for secure reporting.
PRICING
Transparent SOC 1 Pricing for Your Compliance Needs
SOC 1 audit service fees vary significantly. The total cost will depend on factors such as the size and complexity of your organization, the size of the account, and your current internal structure. If you already have a strong financial reporting system in place, you can save on processing fees.
SOC 1 costs may include:
- Gap Analysis
- Documentation Prep
- Process Guidance
- Readiness Assessments
- External Auditors
- Records Maintenance
- Certification Audit
TIMEFRAME & FREQUENCY
SOC 1 Audit Timeframe and Frequency
Timeframe
The actual SOC 1 audit period may vary depending on the type of audit, available resources, financial reporting system, and the audit system quality.
SOC 1 Type 1
3-6 months (average)
SOC 1 Type 2
6-12 months (average)
Frequency
SOC 1 reports typically have no expiration. However, standard practice dictates the need for an annual audit, or when major changes occur.
SOC 1 Type 1
6 months (average)
SOC 1 Type 2
12 months (average)
WHY CHOOSE US
Your Premier Experts in Comprehensive SOC 1 Audit Solutions
With over two decades of collective experience, our experts have worked with several industries. Our expertise in tailoring SOC 1 audit services to your specific needs is unmatched.
Full U.S.-based team
Ensures a better understanding of the local business nuances and regulations.
No Outsourcing
Work with the same dedicated team throughout the entire process.
One-stop shop
Saves time and effort by offering all requisite services under one roof.
Nearly 20 years of experience
Gives you access to our deep industry insights and tried-and-tested methods.
Compatibility with your compliance software
Offers the flexibility to integrate with existing software like Drata, Vanta, or any other.
Software Included (FREE!)
Benefit from our proprietary software at no additional cost.
WHAT’S INCLUDED
SOC 1 Preparation & Compliance Services
I.S. Partners provides auditing services and attestation in the form of SOC 1 Type 1 and SOC 1 Type II reports. Our SOC 1 Audit Consultants typically approach SOC audits following this streamlined process:
- Initial Coping and Planning
- Detailed Risk AssessmentThorough testing of controls
- Gaps Identified
- Remediation
- Audit/Testing
PROCESS
An Inside Look Into Your SOC 1 Compliance Journey
Initial consultation to understand your business and compliance needs
Detailed scoping and planning to ensure a smooth audit process
Comprehensive reporting on audit findings and recommendations
Ongoing support and guidance to maintain compliance
WHO WE SERVE
Tailored SOC 1 Compliance Audit Services for Every Industry
I.S. Partners has helped hundreds of companies achieve SOC 1 and other critical security attestations. We have extensive experience working with companies of all sizes across various industries requiring SOC 1, including:
- SaaS providers
- FinTech
- Healthcare
- Government
- Manufacturing
- And more
TESTIMONIALS
See why our clients are so loyal.
Through the years, I.S. Partners has continued to help us earn and maintain our compliance positions and we are very grateful for the professional standard that they have guided us to achieve. We value their “trusted advisor” partnership they have created with us and would highly recommend them to anyone pursuing these achievements.
Tom Russo
President doeLEGAL, LLC
I.S. Partners helped AvMed to effectively and efficiently implement the Model Audit Rule, while also serving as a true business partner in enabling AvMed to understand and where appropriate implement best practices. I would highly recommend IS Partners for anyone looking to engage a firm that brings and delivers a unique and differentiating service experience.
Randy L. Stuart
Senior Vice President & CFO AvMed
The Audit team provided us a thorough audit guideline prior to the on-site visit. This allowed ePay to successfully prepare for the audit. This onsite visit was conducted in a very timely and professional manner. If your company is looking for outstanding audit and compliance services at a very competitive price, I.S. Partners is a great fit.
Thomas Simoncic
Chief Operating Officer VRS Vericlaim, a Toplis & Harding Company
I have used I.S. Partners for a variety of services and have always found the product of top quality.
Mark Monroe
Director Internal Audit DentaQuest
Secure your financial reporting with our SOC 1 Audits.
FAQs
