SOC 1 Project Management Approach Example

FORMAT
bizzlibrary template file type image

CATEGORY

DEPARTMENT
Legal

LANGUAGE
English

TYPE & SIZE
.pptx (0.04 MB)

Both internal and external stakeholders demand trust and transparency. And because risk management is an enterprise-wide concern, many organizations devote significant time and resources to deliver assurance.

Any organization can provide insight and stakeholder assurance through SOC (Service Organization Controls) reporting. It offers a cohesive, repeatable reporting process where companies can assess once and report out to many stakeholders.

A SOC 1 report addresses a company's internal control over financial reporting, which pertains to the application of checks-and-limits. By its very definition, as mandated by SSAE 18, SOC 1 is the audit of a third-party vendor's accounting and financial controls.

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