What are the SOC audit considerations for Web3 technologies?

Mar 10, 2021 ... In this article, we'll take a look at some of the more common questions that we have been asked about SOC 1, SOC 2, and SOC 3 audits. SOC 1 - Focused on Financial Integrity. SOC 1 audits are pivotal for organizations that require rigorous oversight of financial controls. May 6, 2021 ... Below you will find a simplified overview of the different types of SOC reports that Solifi received as part of its 2020-2021 audit and ... Sep 27, 2024 ... You need a rigorous process to guide you through the SOC 2 audit. This checklist can help you on that journey. Distribution of the SOC 1 report is limited to management of your service organization, customer (user) entities and user auditors. SOC 1 reports are typically ... SOC audit reports provide varying levels of assurance depending on the type issued. SOC 1 reports assure the design and operational effectiveness of ... Jul 24, 2024 ... SOC 2 compliance requirements involve an independent third-party auditor conducting a thorough audit to assess whether an organization's ... If your Plan requires an audit, your auditor will request a copy of relevant SOC Reports as part of their audit documentation request. They also provide ... Jul 28, 2020 ... SOC 2 audits are designed for organizations providing other types of services. These reports focus on the internal operational and IT controls ... Overall, SOC reports reassure your customers they can rely on you to protect their data against fraud risk, unauthorized access and use, loss, and privacy ...