SOC 1® Audits Build Confidence
A customer working with your service organization will routinely have their financial statements audited. SOC 1 audit services provided by I.S. Partners LLC provide assurance that your service organization’s controls are designed and operating effectively and that these controls do not negatively impact your customer’s financial statements.
Steps to SOC 1 Audit Success
A SOC 1 audit focuses on both business process controls and information technology controls. The advantage of SOC compliance reporting is that it builds trust regarding implemented internal controls that are vital to customers who receive services from your organization.
Why Pursue SOC 1 Auditing?
SOC 1 audit engagements are intended for service providers. For example, if you offer payment processing services to clients, your service organization may require a SOC 1 audit report because you may have an impact on their financial statements. A SOC 1 audit report may be required by your service organization because a client or regulatory body has requested it, or because you are being proactive with information security and compliance.
An audit report provides a broad-based, enhanced assessment the effectiveness of controls and compliance measures. It delivers greater assurance for your customers. The customer will have the assurance that internal control audits affecting their financial reporting are timely and accurate in order to stay in compliance with company policies and government regulations.
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. We typically approach SOC audits following this streamlined process:
- Control Design
- Gaps Identified
Take the Anxiety out of SOC 1 Audits
I.S. Partners, LLC is a Certified Public Accounting firm registered with the AICPA (American Institute of Certified Public Accountants) and PCAOB (Public Company Accounting Oversight Board), and is managed by a group of highly seasoned partners who have vast experience in performing SOC audits, FISMA, HIPAA HITECH, Sarbanes-Oxley (Section 404) management self-assessments, Model Audit Rule compliance, and other specialized information technology audits.
From start to finish, our audit team will work closely with your organization to ensure an anxiety-free experience. Our SOC 1 audit services are designed to help your organization build credibility without increasing stress for your team.
Free SOC 1 Audit Software for Our Clients
Fieldguide automated SOC 1 audit software is free to use for all I.S. Partners clients. Start working with us and getting faster, less expensive compliance engagements.