NDB provides Colorado businesses in Denver, Boulder, Fort Collins – and all other surrounding areas – with high-quality, cost-effective SSAE 18 SOC 1 Type 2 – and SOC 2 Type 2 – audit 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.
If you’re a service organization in Colorado looking for expert, unbiased advice on SSAE 18 SOC 1 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 SSAE 18 SOC 1 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 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 policies, procedures, and related processes that will be assessed during the audit – then its’ 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 policies and procedures, along with various internal controls that are not functioning as originally intended? You’re not alone as almost every service organization undergoing SSAE 18 SOC 1 compliance will require some degree of remediation. How much – that depends on your current control environment and the findings during the readiness assessment. What we do know is that NDB offers a comprehensive set of policy documents, hardening forms – and many other support mechanisms – for helping speed through the remediation process in no time.
SSAE 18 SOC 1 Type 1 Audits | Denver, Colorado | Boulder | Fort Collins