Strengthen your customer’s confidence in your service organization.
A report for those service organizations that have direct or indirect impact on a user entity’s financial reporting, a SOC (System and Organization Controls) examination reports on the controls at your company (the service provider/service organization) as they are relevant to your clients’ internal controls over financial reporting.
Organizations in need of a SOC 1 assessment include payroll companies, debt collectors, and even data centers.
Our SOC Services
SOC 1 Readiness Assessment
This overview is designed to help the service organization prepare for the examination by identifying deficiencies, gaps, and other potential red flags, along with coaching so management can understand their options to repair them.
SOC 1 Type 1 Examination & Report
A SOC 1 Type 1 report expresses an opinion on the design of the system of controls placed into operation as of a point in time. Simply put, this report tells your clients and their financial statement auditors that you have accurately described a system, that the described controls are in place, and that the controls as described should achieve your financial reporting control objectives.
SOC 1 Type 2 Examination & Report
A SOC 1 Type 2 report expresses an opinion on the design and operating effectiveness of controls over financial reporting over a specific (historical) period of time. This is most typically a twelve-month period. Thus, this report incorporates an additional step that 360 Advanced tests the controls and shares the results of those tests.
Controls typically assessed in a SOC 1 examination:
- Control Environment
- Physical Security
- Environmental Security
- Change Management
- Information Security
- Backups and Restoration Processes
- Systems Availability
- Data Communications
- Job Scheduling
- Transaction Processing
See what our clients are saying about us.
360 Advanced showed great professionalism as it relates to getting acquainted with a very unique industry like ours, the school transportation industry. We know that’s not easy and we appreciate all the extra effort that was put into learning about us and our industry. We’re extremely pleased with the service.
The one thing that sticks out more than anything else is the audit readiness they provide before the audit process starts. I appreciated the coaching and mentoring we received so we were well prepared for the audit. 360 Advanced always answer their phones, whether for quick issues or questions. And, they are not nickel and diming us – we paid one fee and they are still assisting us post audit.
Vice President and Chief Information Officer
R.C. Giltner Services, Inc.
I think the strength of SSA16 accreditation compliance has been such an advantage for us, allowing us to improve our processes, provide oversight and have our customers see the difference. The SOC examination has exceeded our wildest dreams. We are communicating this as part of our sales process and now it’s a requirement in nearly all the RFPs. We’ve won every single bid we submitted on since we received compliance. We think that is the key differentiator.
Audit Services Company
You deserve a conversation, not a questionnaire.
We build long-term relationships through trust and value. If you’re looking for a trusted business advisor to build your holistic compliance strategy, let’s chat!