Is your service organization transparent and able to demonstrate that your internal controls are reliable, accurate, and fairly presented? Can your service organization assure stakeholders, management, regulators, and current and potential clients that business, financial, or confidential customer data is adequately protected, controlled, and processed? These are concerns for your service organization, which will benefit from a Service Organization Controls (SOC) audit.
Accounting and Business Consultants, LLC is a leading regional CPA firm that specializes in performing SOC 1, SOC 2, and SOC 3 audits for service organizations. Call us at 800-930-2923 now or contact us through our website to learn more about our full menu of audit and assurance services.
Accounting and Business Consultants, LLC specializes in performing SOC 1, SOC 2, and SOC 3 audits for service organizations. We will help your service organization determine its specific reporting needs as well as plan and perform an appropriate SOC audit.
SOC 1 is a report on the assessment of internal controls over financial reporting and is used in the audit of your clients' financial statements. SOC 1 reports are specifically designed for auditors of a user entity’s financial statements, management of the user entities, and management of the service organization. SOC 1 is a report on controls at a Service Organization Relevant to User Entities’ Internal Control over Financial Reporting (SSAE 16). It also provides credibility to your customer so they can trust the quality of your services and makes your organization transparent about any control matters.
SOC 2 is a report on controls at a service organization relevant to security, availability, processing integrity, confidentiality, or privacy. SOC 2 guidance will apply in an audit of a service organization’s system that relates to non-financial statement processes and controls. A SOC 2 report helps your clients satisfy their vendor management, business continuity, or regulatory requirements. It also offers the transparency that will allow your customers to put confidence in the quality of your services and controls.
SOC3 is a report designed for users who need assurance about the controls at a service organization that affect the security, availability, and processing integrity of the systems used to process users’ information and the confidentiality of that information. This is a good option for those who don't have the need for or the knowledge necessary to make effective use of a SOC 2 Report.