Certvalue are the best leading SOC 1 Consultant in Nicaragua for providing the SOC 1 Certification in Nicaragua, Leon, Managua, Granada, Masaya and other major cities in Nicaragua with the services of implementation, training, documentation, gap analysis, registration, Audit and templates services at affordable cost to all organizations to get certified under Service Organization Control management system in Nicaragua. Service Organization Controls Report is a report on controls at service Organization which are relevant to user entities internal control over financial reporting. SOC 1 Certification in Nicaragua is what you would have previously considered to be the standard SSAE 16 OR SAS70. Service Organization Control 1 is divided into two types Type 1 and Type 2.
- Type 1 reports on a SOC 1 suitability of design of controls on a specific date.
- Type 2 reports on the effectiveness of the control design over a period of time.
Difference between SAS 70, SSAE 16 and ISAE 3042:
- Management of the SOC will be required to provide the service auditor. when performing either a Type I or Type II engagement, which the service auditor will then attest to:
- The fairness of the presentation of the description of the SOC 1
- SOC 1 Certification in Nicaragua the suitability of the design of the controls to achieve the related control objectives stated in the description and the operating effectiveness of those controls to achieve the related control objectives stated in the description.
- SOC 1 Certification in Leon during the process of understanding the service organization’s system, the Service Auditor would be required to obtain information that would identify risks that the description of the service organization’s system. It is not fairly presented or that the control objectives stated in the description were not achieved due to intentional actions by service organization personnel.
Who is Required to Have a service organization control 1 Report?
There are numerous service organizations that may receive service organization control 1 reports. The common theme between the service organizations should be the potential impact on user entities’ internal controls over financial reporting and Some examples of organizations who may receive SOC 1s include: Â- Payroll processors
- Medical claims processors
- Loan servicing companies
- Data center companies
