SOC 1

SOC 1 Examinations

System and Organization Controls (SOC) 1 is a report designed to assess the internal controls of a service organization that affect the financial reporting of its clients. The purpose of a SOC 1 report is to ensure that financial information is handled securely and accurately by third-party service providers.

Types of SOC 1 Reports

Type I – Evaluates the design and implementation of controls at a specific point in time.

Type II – Assesses the effectiveness of these controls over a defined period (typically 6-12 months).

SOC 1 Compliance Process

  • Scoping & Planning

    Identifying key financial systems and control objectives.

  • Control Assessment

    Reviewing and documenting existing controls.

  • Testing

    Evaluating the effectiveness of controls (Type I for design, Type II for operation).

  • Report Issuance

    Providing a final report with findings and recommendations.

Destinations of SOC 1 Reports

User Organizations: Businesses that outsource financial operations to service providers.

External Auditors: To evaluate financial reporting controls in compliance with regulations.

Regulatory Bodies: Agencies such as the SEC or PCAOB that oversee financial compliance.

Service Organization Management: To ensure internal control effectiveness and improvements.

  • testimonial

    Realfinity

    Zero Day did a great job walking us through our first SOC 2 Type 2 audit. We were in alignment about our goals from the outset, to provide our customer a safe and secure product. They communicated clearly with us all the way through the process

  • testimonial

    Refyne Tech Pvt. Ltd

    Impressed with exceptional professionalism, delivering a meticulous SOC2 audit swiftly. Their expertise and clear communication made the process seamless. Highly recommended for efficient and high-quality security compliance services.

  • Campus Tree, Inc

    Great experience working with Zero Day. Highly responsive, efficient, and clear on exactly what's needed. Very fast turnaround time.

  • Guardian Professional Services

    They were very easy to work with, were very efficient with our time and were able to gather all the necessary information to finalize our certification with ease.

  • Housing Cloud

    Amazing experience with Patrick and team. Hit the ground running immediately with no time lost. We were on a tight deadline and Zero Day was the only audit firm that promised to deliver our certification on time. They were able to send us our SOC2 report almost a week before the due date. Above and beyond! Looking forward to continuing working with them.

  • Health Hive

    We are an early-stage company and decided to invest in SOC2 before any customers required us to be certified. Combining a solid platform to complete our documentation and the expertise of ZeroDay made the process more efficient than we expected. ZeroDay's approach was pragmatic and helped us prepare for our (successful) audit. We will continue to use ZD for our additional certifications.

  • ViaPeople Inc

    Patrick and Lance were very quick to reply to our emails or jump on a call. I went into this thinking it was going to be a huge process but Zeroday made everything a breeze and we are super happy with the way our compliance report turned out.