SOC 1 Type 11 Reporting

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Cloud ERP - Audit Ready?

Posted by Jeremy Peacock

Apr 27, 2018

We all know audits can be very painful and expensive.  You can lessen that load of burden by partnering with an audit ready service provider.

SMB Suite, through our own audit controls and external auditor attestation in place, can produce an annual report to our customers on SMB Suite’s systems, suitability of design and operating effectiveness of controls. 

By helping clients who are audited to provide a SOC 1 Type 2 report, as defined by the American Institute of Certified Public Accountants, customers may realize reduced client audit fees, improved regulatory compliance and risk mitigation with banking and merger and acquisition transactions.  

The SOC 1 Type 2 Attestation covers the processes SMB Suite follows to ensure a customer’s data is secure within our cloud environment, this would relate to security for Financial applications in the cloud.

Internal control reports verify your service provider’s system security, availability, processing integrity, confidentiality and privacy which supports customers to be audit ready.

It’s our mission to take the pain out of managing complex systems and provide customers with the security and ease of use to help their business grow.

Topics: ERP in the Cloud, smb erp, cloud security, audit ready