What is SOC 1?
A Service Organization Control 1 or SOC 1 report is documentation of the internal controls that are likely to be relevant to an audit of a customer's financial statements.
There are two types of reports for these engagements:
- Type 1 – report on the fairness of the presentation of management’s description of the service organization’s system and the suitability of the design of the controls to achieve the related control objectives included in the description as of a specified date.
- Type 2 - report on the fairness of the presentation of management’s description of the service organization’s system and the suitability of the design and operating effectiveness of the controls to achieve the related control objectives included in the description throughout a specified period.
Use of these reports is restricted to, your company, your customers, and your auditors. If you’d like a report you can share publicly, you may want a SOC 3.
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Curious about why compliance is so important, which businesses need it, and how Vanta's automation can help you quickly achieve it? Join Vanta’s 45-minute live product demo where you’ll learn how Vanta goes beyond compliance to enhance your overall security and trust management.
Curious about why compliance is so important, which businesses need it, and how Vanta's automation can help you quickly achieve it? Join Vanta’s 45-minute live product demo where you’ll learn how Vanta goes beyond compliance to enhance your overall security and trust management.
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Join our interactive webinar featuring experts in compliance auditing for a live Q&A session. We'll dive into essential tips for preparing for various compliance audits, guide you through the nuances of both ISO 27001 and SOC 2 standards, and discuss best practices for maintaining continuous compliance.
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Join Vanta and FireAnt as we demystify the compliance journey. We will explore how FireAnt, a Sydney-based software provider, leveraged Vanta’s automation to streamline their ISO 27001 certification process and unlock new business opportunities.
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Curious about why compliance is so important, which businesses need it, and how Vanta's automation can help you quickly achieve it? Join Vanta’s 45-minute live product demo. Two of our team members will walk you through the platform and answer your questions in real time.
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Curious about why compliance is so important, which businesses need it, and how Vanta's automation can help you quickly achieve it? Join Vanta’s 45-minute live product demo on July 9th at 11 am PST. Two of our team members will walk you through the platform and answer your questions in real time.
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