A SOC1 Audit Report is referred to as a report on the Service Organization’s Internal Controls over Financial Reporting (ICFR). The audit for a SOC1 Attestation is conducted by an independent CPA firm. A Service Organization that receives SOC 1 Audit demonstrates your organization’s commitment towards maintaining the integrity of its controls, information technology, networks, and systems. A SOC1 Audit comes in two types namely SOC1 Type I & SOC1 Type II. So, while the SOC1 Type I report validates the design and implementation of internal controls at a Service Organization related to financial transactions, Type II validates the operational effectiveness of the internal controls designed and implemented by organizations. LEARN MORE ABOUT SOC1 Attestation