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SOC 1 Report (SSAE 18)

Skoda Minotti provides an affordable, efficient approach to SSAE 18 compliance. We bring Big Four expertise without the expense to clients ranging from small private firms to Fortune 500 companies and specialize in assisting with first-time compliance.

SOC 1 (SSAE 18) – is an internationally recognized third-party assurance audit designed for service organizations. 

Why do Service Organizations Obtain a SOC 1 Audit?

There are many reasons why a service organization may decide to obtain a SOC 1 (SSAE 18) report, however due to the increased regulatory oversight of the Sarbanes Oxley act, many customers are now requiring their service organization to obtain a SSAE 18 report. 

Why Organizations Become SOC 1 Compliant.

Outside of customer requests, our clients choose to obtain a SSAE 18 report to provide their customers with confidence and to differentiate them from the competition. Additionally, many service organizations are audited by several companies during the course of the year.  A SSAE 18 audit can eliminate additional customer audits and self-assessment questionnaires.

SSAE 18 Examination Services:

  • SSAE 18 Readiness Assessment - is an audit designed for organizations preparing for their first SSAE 18 audit. Organizations who have not formally evaluated their internal controls often start with a SSAE 18 Readiness Assessment.
  • SSAE 18 Transition Services - for organizations who currently undergo an audit and want to ensure they will comply with new requirements of SSAE 18.
  • SSAE 18 Type I - provides limited assurance and used to report on the design of controls as of a point in time. Organizations who have policies and procedures in place but want to gain a better understanding of the SSAE 18 requirements often start with a SSAE 18 Type I audit prior to undergoing the SSAE 18 Type II audit.
  • SSAE 18 Type II - provides the highest level of assurance for SSAE 18 audits and reports on the service organizations design of controls and operating effectiveness over a period of time.

Visit our FAQs to find out more about a SOC 1 (SSAE 18) Type I and II examination reporting.

Why Assurance Concepts?

  • World class processes
  • High-quality deliverables
  • Insightful consulting advice
  • Meeting project deadlines and expectations
  • Reasonably priced

Other Benefits of a SOC 1 (SSAE 18) Report:

  • Instant credibility
  • Third party perception
  • Confirmation that controls, procedures, and process are in place as management intends
  • Independent assessment of controls
  • Potential to grow market share
  • Reduction of third-party self-assessment questionnaires
  • One audit report can satisfy multiple customers

Skoda Minotti Risk Advisory Services

Our concept is to bridge the gap for our clients from wanting to comply to becoming compliant. We understand the regulatory pressures and the demands of your customers requesting a SSAE 18 reports. Each of our audits are customized and designed to assist your company in a seamless process from the time we initiate the audit to finalizing your SSAE 18 report. All of our auditors have a depth of experience in a variety of industries and we have a good understanding of your business and how this relates to a SSAE 18. Each SSAE 18 report is unique and we provide the necessary related industry knowledge and SSAE 18 expertise to deliver quality audit reports that your customers will accept.

As a large majority of audits are technical in nature, Skoda Minotti Risk Advisory Services will engage auditors with certifications such as CISSP, CISA, CISM, QSA, CIA in addition to CPAs onsite to complete your company’s audit. Call us today and find out how we can make your SOC audit a successful one.

 

Assurance Concepts is now Skoda Minotti Risk Advisory Services. Click here to visit this page on our new website: SOC 1 Report.

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