SOC 1 audit and report, recognized worldwide as ISAE 3402
A SOC 1 report is an independent auditor's opinion on the controls that protect your clients' financial reporting. If your organization processes payroll, claims, fund administration or other services that affect a client's financial statements, your customers and their auditors will ask for one. Securance issues SOC 1 reports, recognized internationally as ISAE 3402, from our own audit team in the Netherlands, Germany, Sweden and the United Kingdom. 1,800+ audits performed, 20 years of experience.
1,800+ audits performed for organizations including Fujitsu, Axians and ABN AMRO
SOC 1 and ISAE 3402: one report, two names
SOC 1 is the American Institute of CPAs' name for a report on service organization controls that affect a client's financial statements. ISAE 3402 is the international standard used by auditors outside the United States, including across Europe, to issue the equivalent report. Securance issues one report that satisfies both standards, so your European clients receive an ISAE 3402 report that international stakeholders, including US customers and their auditors, recognize as a SOC 1 report. You do not need a separate US CPA firm.
Your SOC 1 journey in phases
1,800+ audits. One SOC 1 process that works.
Give your clients and investors confidence that your outsourced processes are secure with a SOC 1 report from a European issuer. Our audit team and streamlined process make SOC 1 compliance clear and efficient, often faster than a traditional audit. Achieving SOC 1 builds trust with clients who demand strong financial reporting controls. Our audit reviews your policies, procedures and systems to confirm financial data is managed and protected effectively, and you receive a report detailing your controls and giving clients assurance about the integrity of your financial processes.
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We make sure you meet your goals, achieve compliance and improve your processes, so you can approach new customers with confidence.
Our standard plans are tailored to your industry and specific needs. Custom solutions are used only when truly necessary, saving you time and money.
We've completed 1,800+ audits and know the exceptions and pitfalls inside out, helping you avoid costly mistakes.
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- Actionable insights to effectively prioritize and address vulnerabilities
- Clear guidance to help you meet SOC 1 requirements
- Practical steps to streamline compliance and save valuable time
Learn how to prepare for your SOC 1 project
Get the customers you want with SOC 1
You’re ready to work with corporate clients because you’re built for this level. To secure their trust, you need to show you’re credible and compliant. Here's how.
Join the organizations that hold a SOC 1 report and showcase your commitment to excellence in financial reporting. A SOC 1 report provides trusted, independent assurance of your controls, strengthening confidence among clients and stakeholders.
Many organizations expect their suppliers and partners to meet strict security and industry standards. A SOC 1 report gives you a competitive edge, making you more attractive to clients who value data security and regulatory compliance.
A SOC 1 audit helps you identify and mitigate risks to financial reporting. By adopting and maintaining the controls defined in the SOC 1 framework, you reduce the likelihood of incidents that could affect your clients' financial statements.
SOC 1 compliance highlights your commitment to strong corporate governance, internal controls and data integrity, building stakeholder confidence and reinforcing your reputation for excellence in financial reporting.
Choose the report that suits your needs the best
In a Type I audit, the auditor determines whether the risk management framework and control measures cover the normative framework (design) and exist at a specific point in time. To establish this, the auditor ‘walks through’ the processes, known as line controls.
Type I: an opinion of an external auditor on the controls placed in operation at a specific moment in time
In a Type II audit, the auditor assesses whether the control measures have been operating effectively over a minimum period of six months.
Type II: reports on the existence and suitability of the design and existence of controls and on the operating effectiveness of these controls in a predefined period of six months minimum.
Most organizations start with a Type I report to confirm their controls are designed correctly, then move to a Type II report once those controls have been running for at least six months. If your clients already require ongoing assurance, we can help you scope directly for Type II.
Download our SOC 1 guideWhy Securance
Our roots lie in one of the Big Four, and many of our team members have worked there. We bring those high professional standards and proven ways of working, ready for you to benefit from.
Our experts are trained to the highest standards, not only in technical skills but also in communication, making them skilled professionals and great partners to work with.
Our processes scale to fit your organization's size and needs, delivering solutions at a price that fits your budget.
We understand your challenges and focus on your specific goals, so our solutions are a better fit.
See how Fujitsu and Axians used ISAE 3402, the international equivalent of SOC 1, to prove control over outsourced processes.
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A SOC 1 report is an independent auditor's report on the controls at a service organization that are relevant to its clients' financial reporting. It is used by outsourced providers such as payroll processors, fund administrators and managed service providers to show their clients and the clients' auditors that financial controls are designed properly and, for Type II, operating effectively.
SOC 1 is the American Institute of CPAs (AICPA) name for the report; ISAE 3402 is the equivalent international standard used by auditors outside the United States, including in Europe. Securance issues one report that satisfies both, so European clients receive an ISAE 3402 report that is also recognized as a SOC 1 report by US and international stakeholders.
A Type I report gives an auditor's opinion on whether controls are suitably designed and placed in operation at one point in time. A Type II report goes further and tests whether those controls operated effectively over a period of at least six months. Most enterprise clients eventually require Type II.
SOC 1 applies when your services affect a client's financial statements, for example payroll, claims processing or fund administration. SOC 2 applies when your services affect security, availability or privacy of customer data, which is typical for SaaS providers. Some organizations, such as fintechs and platform providers, need both reports, which Securance can deliver in one combined audit.
A Type I report can typically be completed within a few months once scoping and control documentation are in place. A Type II report requires an observation period of at least six months before the auditor can test operating effectiveness. Securance uses a six phase process with a pre-audit walkthrough to keep the timeline predictable.
In Europe, qualified audit firms issue the equivalent ISAE 3402 report, which is accepted internationally as a SOC 1 report. Securance issues these reports from its own audit team in the Netherlands, Germany, Sweden and the United Kingdom, so European service organizations do not need to engage a separate US CPA firm.
SOC 1 audit cost depends on the number of controls in scope, the size and complexity of your organization, and whether you need a Type I or Type II report; combining SOC 1 with ISAE 3402 or ISAE 3000 in one audit typically reduces total cost compared to running them separately. Securance scopes your organization first and provides a fixed, transparent proposal before any work begins.