What You Need To Know
SOC 1, also referred to as SSAE No. 16, is structured to discover on financial transaction processes to substantiate organizational control with accurate financial reports. The SOC Report can be a Type I, reflecting point-in-time, or Type II, reflecting period-of-time.
Who Requires It?
Large public companies that use any third-party vendor to process important financial reports.
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Expel - Transparent SaaS (SOC as a Service)
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