SOC 1 Readiness Consulting
SOC 1 · Service Organization Control Report – Financial
For service organizations whose services affect customers' financial reporting, such as payroll, billing and transaction processors. We define control objectives, document controls, test readiness, remediate gaps and prepare evidence for your CPA firm's SOC 1 Type 1 or Type 2 examination.
Reviewed by Santhosh K, Principal GRC Advisor, CyberWave GRC · CISA, CISM, CCISO, HITRUST CCSFP, CHQP, ISO/IEC 27001 Lead Auditor
What is SOC 1?
SOC 1 reports evaluate internal controls at a service organization relevant to their clients' financial reporting (ICFR). Based on SSAE 18, these reports are essential for service providers whose services impact client financial statements.
Key Focus Areas
What our engagement includes
How the engagement works
Readiness Assessment
We evaluate your controls against SOC 1 requirements and identify gaps.
Control Design
We help design and document control objectives, activities, and testing procedures.
Policy & Procedure Development
We create policies and procedures supporting SOC 1 control objectives.
Type I/II Preparation
We prepare your organization for either Type I (point-in-time) or Type II (period) examinations.
Audit Facilitation
We support you during the CPA firm's SOC 1 examination.
Timeline and cost factors
Typical timeline: 2–4 months for Type I readiness; 6–12 months for Type II (includes observation period). Cost depends on scope, organization size, number of locations and systems, current maturity and how much hands-on implementation support you need. Any certification, assessment or audit body fees are separate and set by that body.
SOC 1 Audit Support: Readiness, Evidence and CPA Coordination
Our SOC 1 audit services cover everything you need to get through the examination without surprises. We define the control objectives, document the controls that matter for your customers' financial reporting, test your readiness and give you a remediation plan. Then we prepare the evidence and support you while the CPA firm runs its SOC 1 Type 1 or Type 2 examination. To be clear about roles, the examination and the report come from a licensed CPA firm under SSAE 18, not from us. Type 1 readiness commonly takes 2 to 4 months, and Type 2 takes 6 to 12 months because it includes an observation period.
Questions buyers ask
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