Companies are increasingly outsourcing basic functions such as data storage and access to applications to cloud service providers (CSPs) and other service organizations. In response to this fact, the American Institute of Certified Public Accountants (AICPA) has developed the Service Organization Controls (SOC) framework, a standard for controls that safeguard the privacy and confidentiality of information that is store and process in the cloud. This framework conforms to the International Standard on Assurance Engagements (ISAE), the reporting standard for international service organizations.
An SOC 1 audit, aimed at Certified Public Accounting (CPA) companies that audit financial statements, evaluates the effectiveness of the internal controls of a CSP that affect the financial reports of a customer using the provider’s cloud services. Statement on Standards for Attestation Engagements (SSAE 18) and International Standards for Assurance Engagements No. 3402 (ISAE 3402) are the standards under which the audit is conducted and are the basis on which the SOC 1 report is performed.
The SOC 1 audit includes:
1. Verify that the organization has the appropriate internal controls and processes to provide high quality services to its customers.
2. Evaluate the policies and procedures, which are crucial to the operation of your organization.
3. Assure customers that their confidential data is protected, building trust between service providers and user organizations.
In alchavo.com work for the security of our clients’ data. That is why we announce that we obtained the SOC Type 1 Certification. We are committed to the safety of your business and will continue with a culture of compliance for the benefit of our customers.
Thanks for the trust in alchavo.com!