SOC 1 Type 2
Providing a thorough evaluation of an organization’s internal controls related to financial reporting
What is it?
SOC 1 Type 2 reports assess the design and operating effectiveness of your controls over a specified period (typically 6–12 months). This is the gold standard in third-party assurance for financial reporting controls.
This thorough analysis is essential for organizations that manage or process financial data on behalf of clients, as it provides assurance that their control mechanisms are operating effectively. The SOC 1 Type 2 report, by showcasing the sustained effectiveness of these controls, not only boosts stakeholder confidence but also enhances the organization's reputation for dependability.
Our Process
1
Scope Definition & Timeline Setup
We help determine your audit window and ensure your control objectives are appropriate for sustained operation.
3
Evidence Collection Support
We help build a structured evidence collection plan, identifying what records need to be retained and when.
5
Audit Preparation & Fieldwork Coordination
Our consultants guide your team in preparing for auditor walkthroughs and verifying control operation evidence.
2
Operational Effectiveness Planning
Our team works with yours to ensure your control execution is consistent, well-documented & monitored throughout the period.
4
Midpoint Checks
We conduct internal reviews mid-cycle to ensure ongoing compliance and adjust course if needed.
6
Final Analysis & Future Planning
After the report is issued, we provide guidance for addressing any deficiencies and preparing for future Type 2 cycles.
Your Deliverables
Upon completion of the SOC 1 Type 2 audit process, you will receive a comprehensive set of deliverables designed to support your ongoing compliance efforts:
SOC 1 Type 2 Report (Issued by CPA)
Control Effectiveness Analysis
Evidence Binder and Audit Timeline Log
Recommendations for Continuous Improvement
Management Summary Report
Why Choose NDB?
Choosing NDB for your SOC 1 Type 2 services means partnering with a firm that prioritizes your specific needs and compliance objectives. Our experienced team has a deep understanding of SOC requirements and best practices, ensuring that you receive personalized guidance throughout the audit process.
We are dedicated to facilitating a seamless experience, allowing you to focus on your core business operations while we handle the intricacies of compliance. With NDB as your partner, you can be confident that your SOC 1 Type 2 audit will not only meet regulatory standards but also provide meaningful insights for enhancing your organization’s control environment. Our commitment to continuous improvement positions you for ongoing success in maintaining compliance and building trust with your stakeholders.
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.