SoftCo, a global leader in financial automation software, today announced the successful completion of its Service Organization Controls (SOC) 1 Type 1 audit examination.  This announcement follows the successful completion of SoftCo’s SOC 2 Type 1 audit in August of 2021.

SOC 1 is an internationally recognized auditing standard issued by the American Institute of Certified Public Accountants (AICPA) which focuses on a service organization’s controls likely to be relevant to an audit of a customer’s financial statements.  SoftCo retained Grant Thornton, a leading global audit, tax, and advisory firm, to perform its SOC 1 audit.  Grant Thornton’s examination was conducted in accordance with the International Standard on Assurance Engagements 3402, “Assurance Reports on Controls at a Service Organisation” issued by the International Auditing and Assurance Standards Board (IAASB).

Commenting, Anton Scott, CEO SoftCo Group, said:

“Following on from our successful SOC 2 Type 1 audit in August last year, this further successful SOC 1 Type 1 audit demonstrates SoftCo’s commitment to delivering innovative solutions that enable our customers to meet their financial reporting obligations with confidence.”

SoftCo’s SOC 1 Type 1 audit report is available upon request by sending an email to enquiry@softco.com