SOC 1 Certification – What you need to know?
Last Updated on September 29, 2025 by Narendra Sahoo Organizations
SOC 1 audit advisory and attestation services are critical for organizations that manage financial reporting controls for clients. We help service organizations assess control gaps and prepare confidently for SOC 1 audits under SSAE 18 requirements.
Our consultants evaluate internal controls over financial reporting and identify weaknesses that could impact audit outcomes. You receive clear guidance to strengthen controls and align with auditor expectations.
We support both SOC 1 Type 1 and Type 2 engagements by reviewing documentation, testing readiness, and remediation efforts. Our approach reduces audit risk and prevents last-minute surprises.
With deep experience across financial services, fintech, and service organizations, we provide practical advisory support rather than generic checklists. Our focus is on audit readiness and long-term compliance.
Whether you are preparing for your first SOC 1 report or improving an existing program, our experts deliver end-to-end support. Strengthen trust with clients and auditors by partnering with proven SOC 1 specialists.
Hands-on support to design, implement, and optimize internal controls, ensuring your business is audit-ready.
An independent audit to provide a SOC 1 Type I or Type II report with complete accuracy and transparency.
A detailed breakdown of any deficiencies, with practical steps for remediation.
A structured risk report highlighting vulnerabilities and mitigation strategies.
A step-by-step guide to achieving and maintaining SOC 1 compliance.
A formal report proving your financial reporting controls are secure and effective.
Best practices and recommendations to keep your controls strong in the long run.
Staying compliant isn’t a one-time task—it’s an ongoing commitment. We help you stay ahead with:
SOC 1 Audit is essential for Service Organizations whose services impact user entities’ Internal Controls over Financial Reporting (ICFR). This would include Payroll processors, Medical claims processors, Loan servicing companies, Datacenter companies, and Software-as-a-Service (SaaS) companies that may impact the financials of their user entities.
SOC 1 Audit cost for an average-sized company starts at $15,000. The pricing depends on several factors, including the scope of the SOC 1 Audit, type of report, business applications, technology platforms, number of locations, and any additional services.
On average it takes 8-12 weeks to complete a SOC1 Audit with reporting. However, the timeline also greatly depends on the time taken for implementing the remediation suggested in the gap analysis.
You will receive SOC 1 reports documenting the details of the effectiveness of the Service Organization’s system and controls. The report demonstrates how client information is securely maintained with necessary controls. Additionally, a “Certificate of Compliance” is provided that you can showcase to clients or display in your office.
A SOC1 Report is only valid for a year or 12 months from the date of issue and as per the Industry Standard requirement, a SOC1 Audit must be performed annually, or after significant changes are introduced that may impact systems and control in an environment.
SOC 1 Attestation demonstrates your commitment to maintaining strong internal controls, helps build customer trust, streamlines processes and controls, improves service delivery, differentiates your organization by adhering to rigorous standards, and protects brand reputation by reducing the risk of breaches.
Last Updated on September 29, 2025 by Narendra Sahoo Organizations
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