SOC REPORTING

In today's global economy, companies are governed by expanding regulations and new accounting standards both in the U.S. and international level. With regard to the Sarbanes-Oxley legislation and related regulatory and risk standards, service organizations must increasingly demonstrate adequate controls and safeguards over their clients' assets. 

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To enable cloud-related service organizations to provide user entities with information on system and organization controls relevant to user entities, the AICPA has issued guidance on SOC 1, SOC 2, and SOC 3. These control reports are prepared by qualified independent accounting and auditing companies with certified personnel.