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
How ICyberWave Helps
Our end-to-end consulting, implementation, and audit support approach
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.
Benefits of SOC 1
Who Needs This?
Payroll processors, financial SaaS providers, loan servicers, data centers, and any service organization whose services affect client financial reporting.
Typical Timeline
2–4 months for Type I readiness; 6–12 months for Type II (includes observation period).
Ready to Get Started with SOC 1?
Speak with our experts about consulting, implementation, and audit support for Service Organization Control Report – Financial.