What is a SOC 1 Report A SOC 1 report, also known as the Statement on Standards for Attestation Engagements (SSAE) 18, focuses on a service organization’s controls that are likely to be relevant to an audit of a user entity’s (customer’s) financial statements. SOC 1 reports cover a…

The importance of vendor management continues to rise across all industries, especially given the large growth in outsourcing functions to a third party. According to recent information security studies, third parties are the number one security risk to financial services and 60 percent of all…