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SOC 1 Compliance Audits & Reports
SOC 1
(System and Organization Controls 1)
Strengthen client trust with independent SOC 1 reports that validate your internal controls over financial reporting. At Audit Advantage Group, our licensed CPAs deliver clear, reliable SOC 1 audits that help U.S. service organizations meet compliance demands and win client confidence.
A SOC 1 (System and Organization Controls 1) report is an independent attestation performed by a CPA firm to evaluate a service organization’s internal controls over financial reporting (ICFR).
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Governed by the AICPA
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Designed to assure clients and their auditors that your controls are operating effectively
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Often required by publicly traded companies and financial institutions during vendor due diligence
SOC 1 SERVICES
SOC 1 Readiness Assessment: If you are new to SOC 1, or undergoing a SOC 1 for the first time, we recommend you start with a readiness assessment. Our team will assess your current control environment, perform a gap analysis, and provide you with a report that covers the design of the control environment and includes recommendations to address identified gaps.
Who Needs a SOC 1 Audit?
A SOC 1 report is often essential for U.S. service organizations that affect their clients’ financial reporting. Common examples include:
Payroll processors
Third-party administrators for retirement or benefit plans
Data centers and IT hosting providers
SaaS companies handling financial transactions
Loan servicing or accounts payable providers
If your services impact the way clients record, report, or manage financial information, a SOC 1 report demonstrates that your controls can be trusted.
Benefits of SOC 1 Compliance
Completing a SOC 1 audit delivers significant advantages:
Assures customers and their auditors of reliable financial reporting controls.
Build Client Trust
Many contracts require SOC 1 reports to qualify as a vendor.
Competitive Edge
Reduces repetitive client audit requests by providing one trusted report.
Audit Efficiency
The audit often highlights opportunities to strengthen controls.
Process Improvements
Our SOC 1 Audit Process
We tailor every SOC 1 engagement to your business. Our refined process includes:
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Scope Definition
Identify relevant systems and controls
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Readiness Assessment
Review preparedness and potential issues.
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Comprehensive Gap Report
Outline control gaps and remediation needs.
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Type I Audit (T1)
Test control design and implementation at a point in time.
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Type II Audit (T2)
Test controls operating over a defined period.
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Final Reporting
Deliver a clear, actionable SOC 1 report.
Throughout the process, our experienced CPAs guide you every step of the way.
INDUSTRIES WE SERVE
Cloud Service Providers • Lending Platforms • Healthcare • eCommerce • Data Centers
Payment Processors • Telecommunications • Managed Service Providers • eDiscovery Platforms • Contract Management Tools
Online Learning and Testing Systems • Student Data Systems • Logging and Monitoring Tools
WHY CHOOSE
Audit Advantage Group
CPA-led team
A dedicated team of professionals with decades of audit and compliance experience.
U.S.-based
A U.S.-based company trusted by organizations across diverse industries.
Beyond the Checklist
We go past the basic report to highlight improvement opportunities and provide guidance to help you strengthen your internal controls.
Proven track record
A strong track record of delivering accurate SOC reports within weeks of audit engagement completion.
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