What is an SOC Examination?
Say Hello to Secure & Compliant Operations
With businesses increasingly relying on third-party service providers, SOC reports offer an independent assessment of internal controls to ensure data security, compliance, and operational integrity.
At Davis Farr, we specialize in conducting SOC 1, SOC 2, and SOC 3 examinations under the AICPA’s attestation standards, providing organizations with a competitive edge and credibility in the marketplace.
Why Obtain an SOC Report?
An SOC examination provides
- Independent verification of system and organization controls
- Reduced compliance costs by satisfying multiple audit requirements
- Enhanced credibility with clients and stakeholders
- A competitive edge through trust and transparency
We have an excellent reputation for client service. We provide creative and innovative solutions to your challenges.
Our team of professionals is proactive and responsive to client needs and deadlines.
SOC Report Types
Readiness Assessment
Identifies gaps in controls prior ro completing a formal SOC1 or SOC 2 examination to allow time to address the gaps.
SOC 1
Focuses on internal controls for service organizations processing data relevant to a user entity’s financial reporting.
SOC 2 and 3
Evaluate operational security, compliance, and trust service principles—ideal for SaaS, cloud providers, healthcare, and financial services.
Type 1 vs Type 2
Type 1: Evaluates controls at a specific point in time.
Type 2: Assesses both the design and operational effectiveness of controls over a period of time.
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