SOC 1 Certification in Zambia is a widely recognized auditing standard developed by the American Institute of Certified Public Accountants (AICPA). It focuses on controls relevant to financial reporting for service organizations.
The SOC 1 report, also known as the SSAE 18 report (Statement on Standards for Attestation Engagements No. 18), is typically issued after an independent audit conducted by a CPA (Certified Public Accountant). The purpose of this audit is to assure clients and stakeholders about the effectiveness of controls at a service organization that is relevant to their financial reporting.
SOC 1 reports are essential for businesses that provide services that could impact their clients’ financial statements. This includes data centers, payroll processors, financial transaction processors, and other outsourcing service providers.
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