SOC 1® Reports
SOC® ASSESSMENTS & EXAMINATIONS
soc 1 reports in detail
SOC 1 reports
The SOC 1 Report (System and Organization Controls 1 Report) is 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.
Controls typically assessed: Control Environment, Physical Security, Environmental Security, Applications, Change Management, Backups & Restoration Processes, Data Communications, Job Scheduling, Transaction Processing, Information Security, and/or Systems Availability.
For organizations like payroll companies, debt collectors, and data centers.
Earning a SOC report shows your commitment to data protection and operational transparency—and can give your business a competitive edge in regulated industries.
SOC 1 Readiness Assessment
This overview is designed to help the service organization prepare for the examination by identifying deficiencies, gaps, and other areas warranting attention, 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 assures your clients and their financial statement auditors that your system has been accurately depicted, the stated controls are sufficiently designed, and they are expected to fulfill 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.
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Principal Chief Security & Compliance Officer | Spirion
“We work with them on every single project, so it’s really nice to have history with 360 Advanced. They operate at a good pace – and they are friendly.”
Emma Fountinelle
Information Security Engineer | Luma Health
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