SOC 1 SSAE 16 Type 1 and Type 2 Audits & Assessments

NDB Accountants & Consultants, LLP (NDB) provides SOC 1 (SSAE 16/SSAE 18) Type 1 and Type 2 assessments to businesses throughout the United States, and at a competitive, fixed-fee rate.  We have been specialists in the regulatory compliance arena for many years, having issued hundreds of former SAS 70 audits reports and current SOC 1 (SSAE 16/SSAE 18) Type 1 and Type 2 reports for a large number of service organizations, ranging from payroll companies to data centers.

Statement on Standards for Attestation Engagements (SSAE) No. 16 is effective for reporting periods ending on or after June 15, 2011, and is part of the American Institute of Certified Public Accountants (AICPA) Service Organization Control (SOC) framework.  Specifically, SOC 1 Type 1 and Type 2 assessments fall under the SOC 1 reporting option. Thus, it's common to hear people refer to SSAE 16 as "SOC 1" reports.

SOC 1 (SSAE 16/SSAE 18) Reporting

A SOC 1 (SSAE 16/SSAE 18) Type 1 Report is known as a "Report on management's description of a service organization's system and the suitability of the design of controls," which includes the following subject matter:

      • A description of the service organization's "system."
      • A written assertion from management of the service organization that fairly presents the service organization’s system as designed and implemented as of the specified date, and that the controls related to the control objectives stated in the description of the “system” for the service organization were suitably designed to achieve the control objectives as of the specified date.
      • A service auditor’s assurance report.

A SOC 1 (SSAE 16/SSAE 18) Type 2 Report is known as a "Report on management's description of a service organization's system and the suitability of the design and operating effectiveness of controls," which includes the following subject matter:

      • A description of the service organization's "system."
      • A written assertion from management of the service organization that fairly presents the service organization’s system as designed and implemented throughout the specified period, and that the controls related to the control objectives stated in the description of the “system” for the service organization were suitably designed to achieve the control objectives as of the specified period.
      • A service auditor’s assurance report.

SOC 1 (SSAE 16/SSAE 18) Resource Guide

To learn more about the AICPA Service Organization (SOC) reporting framework, which includes SOC 1, SOC 2 and SOC 3 reporting, please visit the official SOC Report Resource Guide, developed by NDB.  Interested parties will find an abundance of information on SOC 1 (SSAE 16/SSAE 18), such as the following (and much more):

  • Why a New Standard?
  • SOC 1 (SSAE 16/SSAE 18) and ICFR
  • SOC 1 vs. SOC 2
  • Description of the System
  • SOC 1 (SSAE 16/SSAE 18) Written Statement of Assertion

NDB can provide your organization with a competitive, fixed fee for your SOC 1 (SSAE 16/SSAE 18) Type 1 and Type 2 reports.  Please contact us today or call Christopher Nickell at 1-800-277-5415, ext. 706 or at This email address is being protected from spambots. You need JavaScript enabled to view it. to discuss your needs.  We're North America's trusted provider of SOC 1 (SSAE 16/SSAE 18) Type 1 and Type 2 audits and assessments at competitively priced fixed fees, along with offering numerous other regulatory compliance services. 

 

From I.T.consultants to seasoned regulatory compliance auditors, our firm's wide expertise is diverse, cross-functional, and highly experienced in all our service lines.

From I.T.consultants to seasoned regulatory compliance auditors, our firm's wide expertise is diverse, cross-functional, and highly experienced in all our service lines.