vSecureLabs: SOC 1 Audit Service
VsecureLabs guarantees trust and transparency in financial processes using the SOC 1 Audit Service that assesses how well an organization’s internal controls over its financial data that which is essential for financial reporting.
SOC1 Audit Service
Vsecurelabs officially evaluates the service organization’s internal controls over financial reporting (ICFR) which is generally called a SOC1 (System and Organisation Controls 1) audit. It is carried out in accordance with the American Institute of Certified Public Accountants (AICPA) Statement on Standards for Attestation Engagements No.18 (SSAE 18).
The auditors and financial controllers of user entities or businesses that depend on the audit services are the main recipients of SOC1 reports.
Types of SOC1 Reports:
- Type I – Reviews the controls of design at a particular point of time.
- Type II – Tests the efficacy of controls over an extended period, usually six to twelve months of time.
Vsecurelabs Key Areas of Evaluation in SOC1 Audit
VsecureLabs SOC1 Compliance assessment covers critical control areas including:
- Accounting procedures and controls
- Transaction processing systems
- Financial statement preparation
- Access control and segregation of duties
We ensure that your internal controls have undergone extensive testing and follow legal and industry standards.
Key Features of the Vsecurelabs SOC 1 Audit Service
- We offer SOC 1 Type I (design) and Type II (effectiveness) audits based on the business requirements.
- Internal Controls over Financial Reporting (ICFR) are the focus of our audits.
- For accuracy and compliance, all evaluations adhere to the AICPA’s (SSAE 18) standards.
- Before the audit, we perform a readiness review to find and close any gaps.
- To save work and enhance alignment, your current controls are mapped to SOC 1 requirements.
- To find risks and improve internal controls, we conduct a thorough analysis.
- Secure, effective, and well-organised procedures are used to gather audit evidence.
- The final reports are succinct, easy to understand, and customised for stakeholders and external auditors.
Vsecurelabs SOC1 Audit Service Benefits:
- SOC1 Audit Control Service improves the SOC1 Compliance posture.
- Increase your clients’ trust in financial reporting procedures.
- Exhibit adherence to internal control guidelines.
- Provides dependable third-party validation, which lessens the audit burden on your clients.
- Uses proactive control management to reduce financial risk.
Roles & Responsibilities
IAM solutions are large programs that require proper governance.
Defining all the roles and responsibilities within the IAM solution is the key to healthy governance, identity protection, and access management.
We at vSecureLabs are very much precise in setting all the roles and responsibilities that align your business objectives while providing access control solutions, SIEM, network perimeter protection, identity management, and data protection across the organization.
High-End User Experience
The IAM solutions that we integrate are easy to use.
Modern IAM solutions do not compromise at user experience and provide easy authentication to the employees.
IAM solution comes with biometric signatures, passwordless authentication, proximity badges, and adaptive multi-factor for authentication.
Proof of Concept
Our IAM implementation team offers Proof of Concept (PoC).
Here we exhibit the overall IAM implementation mechanism that your organization will need as per business requirements.