SOC & Attestation
SOC 1 Audit
Get a SOC 1 report under SSAE 18 for controls that affect your customers' financial reporting, done at the speed of business.
If your service affects your customers’ financial statements, they need assurance that the controls behind it work, and a SOC 1 report gives them that assurance. Modus helps you get a SOC 1 report done faster, bringing top-firm rigor and AI-native speed to the process.
What is a SOC 1 audit?
A SOC 1 is an AICPA attestation engagement performed under SSAE 18 and AT-C 320. It reports on controls at a service organization that are relevant to user entities’ internal control over financial reporting (ICFR). The report lets your customers and their auditors rely on your controls without testing your systems themselves.
Who needs a SOC 1?
- Payroll and benefits processors.
- Payment processors and billing platforms.
- Loan servicers and financial administrators.
- Claims processors and third-party administrators.
- Any service organization whose work flows into customer financial reporting.
What a SOC 1 covers
A SOC 1 focuses on control objectives tied to your customers’ financial reporting, plus the controls used to meet them. The report type is chosen based on what your customers require.
- Type I: design of controls at a single point in time.
- Type II: design and operating effectiveness over a period, commonly three to twelve months.
- Control objectives and related controls, such as transaction processing, access, and change management.
- Complementary user entity controls that your customers are expected to have in place.
How Modus helps with your SOC 1
Modus is AI-native. Our platform automates much of the testing and evidence collection, so you are asked for less and questioned less, and your SOC 1 gets done at the speed of business. Every conclusion links back to source-linked workpapers, which keeps review fast and defensible. Many SOC 1 engagements run in roughly four weeks once readiness and scoping are complete, with up to about 40% less compliance time for your team.
Why choose Modus
- Top-firm rigor with AI-native speed.
- Roughly a four-week turnaround through automated testing.
- Source-linked workpapers your customers’ auditors can trust.
- Fewer requests and up to about 50% fewer questions for your team.
Frequently asked questions
What is the difference between SOC 1 and SOC 2?
SOC 1 covers controls relevant to your customers’ financial reporting. SOC 2 covers controls mapped to the Trust Services Criteria, such as security and availability. Some companies need both, depending on what their customers ask for. Modus helps you sort out which applies during scoping.
Should I get a Type I or a Type II?
A Type I confirms your controls are designed properly at a point in time and is often a first step. A Type II confirms they also operated effectively over a period, which most customers ultimately want to see. Modus helps you choose the right path during scoping.
How long does the reporting period need to be?
Type II periods commonly run three to twelve months. The right length depends on customer requirements and how long your controls have been in place. Modus helps you size the period before fieldwork begins.
Why Modus
Audits at the speed of business
Modus helps you get a faster, higher-quality SOC 1 Audit — top-firm rigor, source-linked workpapers, and far fewer questions for your team.
Ready to talk about your SOC 1 Audit?
Get a fast, fixed-scope proposal from a Modus audit team.