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SOC 1 Type 2 Assessments for Washington DC, Maryland, and Northern Virginia Businesses

NDNB is the leading provider of SOC 1 SSAE 18 Type 2 audits and assessments for businesses located in the Washington DC, Maryland, and Northern Virginia metro area. With years of experience working in and around the nation’s capital, NDNB offers high-quality, fixed-fee SOC 1 SSAE 18 Type 2 audits, so contact us today by speaking with Christopher G. Nickell, CPA, at 1-800-277-5415, ext. 706 or emailing Chris at This email address is being protected from spambots. You need JavaScript enabled to view it..

What WDC Businesses Need to Know About SOC 1

Before you actually begin the SOC 1 SSAE 18 process – either a Type 1 or a Type 2 – it’s important to gain a strong technical understanding of many facets of the assessment framework itself. Let’s address some of the most pressing questions and comments we receive regarding SOC 1 SSAE 18 compliance below:

1. SOC 1 vs. SOC 2: The main difference between SOC 1 and SOC 2 is that SOC 1 reporting is often geared towards businesses performing functions that have financial impact considerations for their clients, while SOC 2 is aimed at technology companies – data centers, SaaS entities, and more. With SOC 1 SSAE 18 compliance, the concept of ICFR – Internal Controls Over Financial Reporting – should form the basis of the assessment.

SOC 1 vs SOC 2

More specifically, if you as a service organization are performing critical functions for your clients that could impact their financial reporting, then SOC 1 SSAE 18 is the preferred assessment to perform. This means you’ll need to work with a CPA firm in helping identify what the relevant ICFR control objectives are for purposes of assessing and ultimately testing of them.

2. Type 1 vs. Type 2: SOC 1 SSAE 18 Type 1 reports are issued for a specific date in time – such as January 31, 20xx. As for Type 2 reports, they cover an actual test period, which is often six months, but can be longer, or even shorter. Beginning with a Type 1 assessment and then moving towards annual Type 2 compliance – especially for service organizations new to SOC 1 reporting, is highly recommended. Additionally, for purposes of regulatory compliance, most of your clients will be seeking Type 2 reporting as this provides a greater level of assurance for one’s internal controls as opposed to just a point-in-time Type 1 audit.

3. Type 2 “Test Period”: While the traditional test period for SOC 1 SSAE 18 Type 2 and SOC 2 Type 2 assessments is generally six (6) months, you can – as stated earlier – shorten or lengthen the test period, it just depends on your reporting needs. What’s also important to remember is that “population” and “sampling” come into play for Type 2 audits as auditors routinely have to request sample sizes from a defined population for various areas, such as change control, the number of employees provisioned and de-provisioned, data backups, etc. A Type 2 audit is a notable step up from a Type 1, so keep this in mind.

4. The Importance of a Readiness Assessment: Diving head first into a SOC 1 SSAE 18 audit is not recommended, rather, begin with a brief, yet comprehensive exercise known as a readiness assessment. Why? Because understanding critical scope considerations, while also unearthing internal control deficiencies and challenges within one’s control environment, is critical for the overall success of the audit. Simply stated, as a service organization new to SOC reporting, you’ll want to gain a strong understanding of internal your internal control environment and what areas will require remediation prior to the audit. Not performing a readiness assessment – especially if you’ve never been through an actual SOC 1 SSAE 18 audit – is not recommended, so call and speak with Christopher G. Nickell, CPA, at 1-800-277-5415, ext. 706 or emailing Chris at This email address is being protected from spambots. You need JavaScript enabled to view it. today.

What is SOC 1 SSAE 18 and the importance of a Scoping and Readiness Assessment

5. Remediation Considerations: Remediation is often a two (2) part process that consists of operational and documentation remediation, along with security and technical remediation. As for the operational and documentation remediation, we’re talking about information documents – critical policy material for which auditors will request during the audit process. As for the second part, we’re talking about technical documentation, such as provisioning servers, changing password parameters, and much more.

6. Why Choose NDNB: We’ve been North America’s leading provider of high-quality, fixed-fee audit services for years, with clients from coast to coast. Our team is driven, highly experienced, and incredibly knowledgeable when it comes to regulatory compliance, particularly the AICPA SOC framework for SOC 1, SOC 2 and SOC 3 reporting. Compliance doesn’t have to be a painful and time-consuming process – and it’s not when you work with NDNB, so call Christopher G. Nickell, CPA, at 1-800-277-5415, ext. 706 or emailing Chris at This email address is being protected from spambots. You need JavaScript enabled to view it..

What is SOC 1 SSAE 18 and Why Policies are Important

NDNB – Washington D.C.’s Compliance Experts – Fixed Fee Pricing

When it comes to finding a high-quality, proven regulatory compliance firm that services businesses all throughout the Washington DC, Maryland, and Northern Virginia metro area, the choice is NDNB. With fixed-fee pricing and a national track record of excellence, we can offer the services and solutions for helping your organization become SOC 1 SSAE 18 compliant. We also offer numerous other compliance services, such as SOC 2, SOC 3, EI3PA, ACH Audits, MERS compliance, internal audits, and more.

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