NDB provides Colorado businesses in Denver, Boulder, Fort Collins – and all other surrounding areas – with high-quality, cost-effective SOC 1 SSAE 18 Type 2 – and SOC 2 Type 2 – audits and assessments. Regulatory compliance is here for good – there’s no disputing that – so finding a proven firm, one capable of offering efficient audit services – is a must, so talk to the experts today at NDB.
We’ve been working throughout Colorado for years, helping service organizations become compliant with today’s ever-growing and complex regulations, and we’re ready to help you.
Colorado’s Leading Provider of Fixed-Fee Compliance Services
If you’re a service organization in Colorado looking for expert, unbiased advice on SOC 1 SSAE 18 Type 1 reporting, then take note of the following information, courtesy of NDB:
SSAE 18 and SOC 1: SSAE 18 is the professional AICPA standard used for issuing SOC 1 reports, which can either be Type 1 or Type 2 reporting. You often hear people refer to SSAE 18 as SOC 1 and vice versa – or being called SSAE 18 SOC 1 – which in truth, all means the same thing.
Scoping for ICFR and Relevant Control Objectives: Do you offer services/functions that can directly impact your customer’s financial reporting – if so – then you’ll need to develop and assess controls relating to such services. This is a concept known as “Internal Controls Over Financial Reporting” – which is one of the essential components of SOC 1 SSAE 18 reporting. A well-qualified CPA firm – such as NDB – can help identify critical IFCR issues for your assessment, providing much-needed clarity and guidance.
Why a Readiness Assessment is Critical: With hundreds of successful SOC 1 SSAE 18 audits performed by NDB, we can honestly attest to the immense value of conducting a readiness assessment prior to the audit. If you’re seeking to gain a greater understanding of your control environment – the procedures and related processes that will be assessed during the audit – then it is time to perform a readiness assessment. When conducted properly, Colorado businesses will quickly determine what items require immediate action – and correction – before the audit.
Time to Remediate: Have missing documentation, along with various internal controls that are not functioning as originally intended? You’re not alone as almost every service organization undergoing SOC 1 SSAE 18 compliance will require some degree of remediation. How much – that depends on your current control environment and the findings during the readiness assessment.
Colorado’s SOC 1 and SOC 2 Compliance Experts – Fixed-Fee Pricing
We’ve performed literally hundreds of audits over the last decade, and we know the challenges our clients are walking into – hence, the reason for offering support services during this vital phase of the SOC 1 SSAE 18 process for Colorado businesses. Regulatory compliance mandates for today’s businesses are only going to become more challenging and time-consuming, which means finding a high-quality CPA and compliance firm to work with – one that offers fixed-fee pricing for all services – is now important than ever.