Compliance, Controls & Assurance
SOC 1 Readiness
Establish the processes, ownership, and evidence needed before entering a SOC 1 examination.
Service overview
SOC 1 reports address controls at service organizations that may be relevant to their customers' internal control over financial reporting.
CyberAxis helps organizations understand applicable control expectations, identify readiness gaps, and establish processes and evidence needed before entering the formal examination.
The business problem
Where this usually breaks down
Organizations preparing for SOC 1 often underestimate the level of consistency, ownership, documentation, and evidence required across the control environment.
Common challenges
You may need this service if…
- Customers are requesting a SOC 1 report
- Your services may affect customers' financial reporting
- The organization is preparing for its first SOC 1 examination
- Controls exist but have not been formally documented
- Evidence is inconsistently retained
- Control ownership is unclear
How CyberAxis helps
Our approach on this engagement
CyberAxis helps identify relevant processes and controls, evaluate readiness, identify control gaps, improve documentation, clarify ownership, and prepare evidence for examination.
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