Financial Controls

SOC 1 - The Gold Standard in Financial

SOC 1 is an AICPA auditing standard that assesses a service organization's controls over financial reporting. It's essential for providers whose services affect client financial statements, like payroll or financial SaaS platforms. SOC 1 reports give independent assurance that controls are properly designed and effective, building trust with clients and auditors.

Why Choose Accorp Partners for SOC 1

Accorp Partners brings deep financial controls expertise and industry-leading audit quality to every SOC 1 engagement.

Global Audit Experience

Expertise with complex service organizations across multiple industries and geographies.

Peer-Reviewed CPA Firm

As a SOC AICPA peer-reviewed firm, Accorp delivers structured, efficient SOC services that integrate seamlessly into your operational processes.

Cloud Security Expertise

Deep experience with cloud platforms, including AWS, combined with extensive knowledge across governance, risk, and compliance (GRC) frameworks.

Comprehensive & Tailored Approach

Assess all critical processes affecting client financial reporting and provide insights specific to your organization.

Experienced Professionals

Auditors with in-depth knowledge of financial controls, risk management, and regulatory frameworks.

Clear, Actionable Reporting

SOC 1 reports designed to meet client, regulatory, and stakeholder expectations.

SOC 1 Assessment Process

At Accorp Partners, our SOC 1 assessment methodology mirrors the rigor and quality expected from leading global audit and consulting firms.

Process 1

Scoping & Planning

We identify systems, processes, and services that impact client financial reporting. We also define the scope and objectives of the SOC 1 engagement, including relevant business units, service lines, and control objectives.

Process 2

Risk & Control Assessment

We evaluate the design and implementation of internal controls in line with AICPA SOC 1 standards. Additionally, we identify gaps, vulnerabilities, and potential operational risks affecting financial reporting.

Process 3

Implementation & Readiness Assessment

This includes a pre-audit evaluation to assess your organization's preparedness for a SOC 1 audit, a gap analysis to identify control gaps and areas of improvement before the formal audit, and remediation planning to develop a corrective action plan to address identified gaps.

Process 4

Testing & Verification

We perform detailed testing of controls for both design and operational effectiveness. This includes conducting walkthroughs, reviewing documentation, and testing transactions for completeness, accuracy, and reliability.

Process 5

Reporting & Recommendations

We issue a SOC 1 report (Type I or Type II) consistent with AICPA guidance. We also provide actionable insights and recommendations to strengthen internal controls and mitigate risks.

Your Journey to SOC 1 Compliance

Every SOC 1 engagement starts with understanding how your financial reporting systems operate, what controls support them, and how your organization safeguards accuracy, integrity, and trust.

SOC 1 (System and Organization Controls Report) focuses on controls relevant to Internal Control over Financial Reporting (ICFR). Whether your company provides payroll processing, financial reconciliation, transaction handling, or outsourced accounting services, a SOC 1 audit demonstrates that your controls are designed and implemented to ensure reliable financial reporting for your clients.

Our SOC 1 process helps you close control gaps, organize documentation, and strengthen trust. Whether you need SOC 1 Type I or Type II, we guide you smoothly through every step.

Remember: SOC 1 is more than a compliance requirement—it's about proving to customers, auditors, and stakeholders that your financial reporting environment is secure, well-designed, and trustworthy.

Accorp Partners – Your Trusted SOC 1 Audit & Advisory Partner

Types of SOC 1 Reports

Type I

SOC 1 Type I

Assesses the design and implementation of financial reporting controls at a specific point in time.

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Type II

SOC 1 Type II

Assesses the operational effectiveness of financial reporting controls by observing operations over a period of at least 3 months, with 12 months recommended.

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Type of SOC Assessment

SOC 1

SOC 1 Audit

Demonstrate effective internal controls over financial reporting with SOC 1 compliance

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SOC 2

SOC 2 Audit

Demonstrate your commitment to security, availability, and confidentiality of customer data

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SOC 3

SOC 3 Audit

Public-facing report demonstrating your organization's commitment to security and compliance

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Determine Type I vs Type II

Get started with our expert team and demonstrate effective internal controls over financial reporting.

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Real Results from Real Clients

Exceptional SOC 1 Guidance!

Working with Accorp on our SOC 1 audit preparation was a seamless and productive experience. Their team provided clear direction, practical recommendations, and strong technical expertise throughout the process. What stood out most was their consistent follow-through and ability to simplify complex control requirements.

Financial Controller

Financial Services Firm

Reliable, Accurate & Professional!

Accorp supported us through our SOC 1 readiness with remarkable professionalism. Their consultants identified control gaps early, guided us with actionable steps, and ensured every detail was addressed well ahead of deadlines. Their precision and commitment gave us complete confidence in our compliance posture.

Vice President – Operations

Cloud Solutions Company