SOC 1 Readiness
A pre-audit assessment that helps organizations prepare for a successful SOC 1 audit
What is it?
SOC 1 readiness is a pre-audit assessment that helps organizations prepare for a successful SOC 1 audit by evaluating internal controls over financial reporting. This service identifies gaps, risks, and inefficiencies in your current control environment to help ensure alignment with AICPA's SOC 1 framework and boost audit success.
By conducting a comprehensive assessment of these controls, SOC 1 readiness enables organizations to pinpoint potential vulnerabilities or deficiencies, allowing for timely remediation prior to the official audit. This forward-thinking strategy not only strengthens compliance efforts but also builds trust among stakeholders, showcasing a dedication to upholding strong financial reporting controls.
Our Process
1
Initial Consultation & Scoping
We start by understanding your services, reporting environment, and control scope. This includes system boundaries, user entity expectations, and business context.
3
Gap Analysis & Risk Assessment
We analyze current controls and detect any missing elements or weaknesses, including policy deficiencies and process inconsistencies.
5
Documentation Review
Our team evaluates the completeness and quality of documentation—control narratives, SOPs, policies—and provides enhancement guidance.
2
Control Identification & Mapping
Controls are mapped to SOC 1 objectives relevant to financial reporting, using industry-aligned standards and risk considerations.
4
Stakeholder Engagement
We work with finance, IT, HR, and operations leaders to ensure control responsibilities are well understood and properly executed.
6
Readiness Reporting & Planning
You receive a detailed report summarizing your audit readiness, including gap closure timelines and strategic next steps.
Your Deliverables
Upon completion of the readiness assessment, you will receive a comprehensive set of deliverables designed to guide you through the SOC 1 compliance journey:
SOC 1 Readiness Gap Analysis Report
Remediation Roadmap with Recommendations
Control Objective Mapping Document
Audit Documentation Checklist
Executive Readiness Brief
Why Choose NDB?
Choosing NDB for your SOC 1 readiness assessment means partnering with a firm that has extensive experience in this area. Our deep understanding of the nuances across various industries allows us to provide personalized guidance tailored to your specific circumstances.
We are dedicated to ensuring that you are fully prepared for the SOC 1 audit process, equipping you with the knowledge and resources necessary to achieve compliance.
Our commitment to excellence, combined with our collaborative approach, ensures that your organization is positioned for success, minimizing disruptions and maximizing stakeholder confidence in your financial reporting processes.
Key Highlights about NDB:
Expert Team: Certified professionals with extensive experience in compliance and cybersecurity.
Comprehensive Services: Offering a wide range of services, including SOC 1, SOC 2, PCI DSS, ISO 27001, HIPAA, GDPR, CCPA, and more.
Tailored Solutions: Customizing our services to meet the specific needs of various industries and organizational sizes.
Commitment to Excellence: Focused on delivering high-quality services that empower clients to thrive in a complex regulatory environment.
Client-Centric Approach: Prioritizing collaboration and communication to build strong partnerships with our clients.
Canada’s Leading Provider for All Things Compliance
Fixed-fee services for SOC 1/SOC 2, PCI DSS, ISO 27001, HIPAA, HITRUST, GDPR, Pen Testing, Data Privacy, and so much more.