SOC 1 Compliance
SOC 1 (Service Organization Control 1) compliance demonstrates that your company can securely communicate with, transmit, and store users’ financial data and financial statements. SOC 1 audit report is a comprehensive assessment of a service organization’s internal controls over financial reporting. This report assures your customers that their financial information is being handled safely and securely.
A SOC 1 report demonstrates to management, investors, auditors, and clients that your financial reporting internal controls comply with AICPA requirements. Of all these audiences, it is typically customers and prospective clients who are the most important – Being SOC 1 compliant gives you an edge over the competition and simplifies your sales process.
Traditionally, preparing for SOC 1 audits has been connected with an investment of time, resources, and considerable spending on external consultants. However, integrating AI-enabled and cloud-based compliance automation platforms and tools has transformed the process, assisting organizations in automating evidence collection for continuous compliance. This automation helps organizations significantly reduce the time and resources required for SOC 1 compliance.
Akitra presents a holistic Compliance Automation Solution tailored to streamline the complexities of SOC 1 compliance. Our solution integrates automated scanning, live monitoring, and simplified reporting to pinpoint vulnerabilities, ensure ongoing compliance, and elevate audit readiness. This automation enhances security and promotes swift responses to emerging threats and vulnerabilities, effectively reducing the exposure to security risks.
With Akitra, you’ll have round-the-clock access to knowledgeable professionals ready to provide guidance and address your inquiries. Whether it’s a pressing issue or a simple query, our team is here to assist you 24/7, ensuring that you have the support you need whenever you need it.
Choose the controls after talking to the auditor.
Choose relevant policies from a set of policies.
Gather evidence for chosen controls using automated evidence collection.
Receive SOC 1 audit report after an audit by an independent auditor.
Review audit reports, remediate control deficiencies, and maintain ongoing compliance.