Choosing a Higher Level of Assurance

by Joseph Kirkpatrick / April 5, 2023

When a quality audit is performed by KirkpatrickPrice, there are many qualified experts behind the scenes completing the documentation review, project management, onsite visit, remediation efforts, report writing, and quality assurance. These security professionals work to provide the best assurance service possible to your organization. How exactly can you finish your audit process feeling assured and secure? You need to make sure you aren't settling for anything less than a…

3 Objectives of the COSO Framework and SOC 1

by Joseph Kirkpatrick / April 5, 2023

SOC 1 and the COSO Framework If you’re new to the SOC 1 audit process, you might be wondering what framework is used to evaluate the effectiveness of internal controls. This would be the Committee of Sponsoring Organizations of the Treadway Commission, or COSO Internal Control – Integrated Framework. This framework is one of the most common frameworks used to design, implement, maintain, and evaluate internal controls. It outlines three…

What is a SOC 1 Report?

by Sarah Harvey / April 12, 2023

What is a SOC 1 Report? Once you’ve made it through the evidence gathering portion of the SOC 1 audit process, our specialized team of professional writers will take the information gathered by our auditors and provided by you in our Online Audit Manager to create a final SOC 1 report. What is a SOC 1 report? It is a report that is based on the Statement on Standards for…

Explaining Audit Periods

by Sarah Harvey / February 15, 2023

The Difference Between SOC 1 Type I and Type II: The Audit Period While SOC 1 Type I audit engagements evaluate a service organization’s internal controls that could impact their user organizations’ internal control over financial reporting (ICFR) at a specific point in time, a SOC 1 Type II audit evaluates a service organization’s internal controls that could impact their user organizations’ internal control over financial reporting (ICFR) over a…

Will I Pass or Fail the SOC 1 Audit?

by Joseph Kirkpatrick / April 5, 2023

If your organization is making the investment in information security audits, it’s understandable to question whether or not you will pass or fail the audit. After all, many organizations pursue compliance because they have something at stake, like a new client or big product launch, and if they do not pass the audit, there could be severe consequences. However, there’s good news when it comes to SOC 1 audits: the…