When a business' financial statements are audited, their auditor needs information about the internal controls over financial reporting, including controls at their outside service companies (for example, 401k plan recordkeepers, third party administrators, or food service providers). To obtain that information the business engages a CPA to perform an examination of the controls at the outside service company as a Service Organization Control or SOC audit. The financial professionals at Rizick & Rizick CPAs have the skills and experience to conduct internal control audits and deliver two types of SOC reports that provide assurance that financial data is adequately protected, controlled, and processed by a business.
SOC 1 reports provide credibility to your customer so they can trust the quality of your services and be confident that your financial data is being handled properly. This type of audit makes your organization transparent about any controls issues.
SOC 2 reports provides information on controls at a service organization relevant to security, availability, processing integrity, confidentiality, or privacy. SOC 2 reports offer the transparency that will allow your customers to put confidence in the quality of your services and controls.
To learn more about how we can perform this type of audit and deliver a SOC report for your organization, call us at 732-387-0872 now or request a phone consultation through our website.
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