SOC 1 Report
Whether you are brand new to the SOC audit process and in need of training or guidance, or you have been audited many times, our team at PKM is equipped to serve you.
Most of our clients are required to exhibit compliance with strict IT frameworks and adhere to high due diligence standards. As such, many of these companies are under substantial scrutiny from their users as it relates to the transaction process. The end result of a SOC 1 report is a document that instills customer confidence and helps our clients to win and maintain more customers.
When to choose a SOC 1 Report
A SOC 1 report is designed for companies that process financial transactions for others, such as payroll companies, core application providers and student loan processors. There are two different types of SOC 1 reports— Type I and Type II. The main difference between the two is that a “Type I” report is conducted as of a certain “point in time,” whereas a “Type II” report spans across a “period of time.” Most commonly, users will ask for a Type II report.
Since 1997, PKM has been serving clients throughout the United States, particularly within the Financial and Technology sectors. Through SOC Reports, we aim to add value to your organization by providing your users with a complete picture of the internal control processes and procedures of your company. We know first-hand that organizations with effective risk management systems reflected in their SOC Reports make more attractive business partners and ultimately experience higher levels of growth and success.
If you are interested in learning more about SOC 1 reports and how they can add value to your business, please contact Terry Ammons or call 404-420-5679.