Explore Audit Peak’s resources centered around SOC 1 (Service Organization Controls 1), a key framework for assessing internal controls over financial reporting of a service organization. A SOC 1 audit is conducted under the SSAE 18 (Statement on Standards for Attestation Engagements No. 18), which is a standard developed by the American Institute of Certified Public Accountants (AICPA). Our content provides valuable insights for service organizations and auditors, focusing on understanding SOC 1 compliance, updates, and best practices. Our offering includes insights to manage risks, ensure accuracy in financial reports, and build customer confidence. Our services include SOC 1 Gap Assessments/SOC 1 Readiness Assessments, SOC 1 Type 1 reports, and SOC 1 Type 2 reports. Our SOC 1 audits provide the organization’s clients, and their auditors, with a level of assurance about the controls in place that could impact the client’s financial statements.
Understanding Agreed Upon Procedures in Auditing
In the world of auditing and financial reporting, one concept that is often misunderstood or overlooked is Agreed Upon