Streamline SOC 1 Compliance
StandardFusion streamlines SOC 1 compliance by centralizing the management of internal controls, automating tracking, and simplifying the reporting process. Our GRC platform ensures your organization can efficiently demonstrate the effectiveness of its controls, reducing audit preparation time and enhancing trust with clients and stakeholders.
System and Organization Controls 1
Publisher
American Institute of Certified Public Accountants
Date Published
2011
Category
Information Security
Version
SSAE 18
Description
The SOC 1 framework is a set of standards designed to evaluate an organization's controls that are relevant to the financial reporting of its clients. It helps ensure that the organization has effective internal controls in place to protect the accuracy and reliability of the financial data they process on behalf of their clients. The SOC 1 report is primarily used by the organization's clients and their auditors to assess how the provider's controls might impact the clients' financial statements.
Overview
The SOC 1 framework is designed for organizations that handle financial data on behalf of their clients. Its purpose is to ensure that these organizations have strong internal controls in place to protect the accuracy and reliability of their clients' financial reporting. It's primarily used by clients and their auditors to assess the impact of the provider's controls on the clients' financial statement
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