SOC 1® - SOC for Service Organizations: ICFR

SOC 1 is an examination of controls at a service organization that are likely to be relevant to user entities’ internal control over financial reporting. SOC 1 reports are specifically intended to meet the needs of entities that use service organizations (user entities) and the CPAs that audit the user entities’ financial statements (user auditors), in evaluating the effect of the controls at the service organization on the user entities’ financial statements.