SOC Reporting Services

SOC audit services for privately-held businesses

Building trust through reliable, independent assurance

As business partners and service providers demand greater transparency, privately-held companies are increasingly expected to demonstrate that they have effective systems and controls in place, especially when handling sensitive financial or client data.

Keiter’s SOC audit services help you meet those expectations with confidence.

As Opportunity Advisors, our Risk Advisory Services team does more than evaluate your controls. We guide you through the process with insight, clarity, and a commitment to uncovering long-term value.

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What are SOC audits?

System and Organization Controls (SOC) audits provide third-party assurance that your internal controls are designed and operating effectively, particularly those that impact financial reporting or data security.

The two most common SOC audit types include:

SOC 1 Audits

Focused on internal controls over financial reporting (ICFR), SOC 1 reports are critical for service organizations such as payroll processors, claims administrators, and plan recordkeepers. These reports help your clients gain confidence that your systems will not negatively impact their financial statements.

SOC 2 Audits

Designed to evaluate controls related to security, availability, confidentiality, processing integrity, and privacy, SOC 2 audits are essential for organizations that manage sensitive data, deliver cloud-based services, or operate in regulated industries.

SOC Report Types: Type 1 vs. Type 2

Keiter offers both Type 1 and Type 2 SOC reports to meet your specific business needs and contractual obligations:

Type 1 Report
Evaluates the design and implementation of controls at a specific point in time. Ideal for organizations seeking an initial snapshot of their control environment.
Type 2 Report
Includes everything in a Type 1 report plus an evaluation of the operating effectiveness of those controls over a defined time period (typically 6–12 months). This is the gold standard for clients and partners requiring long-term assurance.

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SOC readiness: Start with confidence

Preparing for a SOC 1 or SOC 2 audit can be complex—but it doesn’t have to be stressful.

Our team begins with a comprehensive SOC readiness assessment to identify control gaps and clarify expectations. This includes:

Reviewing existing internal controls
Assisting in the preparation of your system description
Prioritizing remediation efforts
Providing tailored, actionable recommendations

We walk alongside your team at every step, helping ensure you are fully prepared for a successful audit engagement.

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Who needs SOC reporting services?

SOC audits are especially important for privately held companies that process or manage sensitive financial and client data. We work with organizations across a variety of industries, including:

Managed Service Providers (MSPs)
SaaS and cloud-based service providers (IaaS, PaaS)
Data centers and IT infrastructure firms
Payroll processors and plan recordkeepers
Investment advisors and loan servicers
Banks, credit unions, and FinTech companies
Any service provider whose operations impact their clients’ financial reporting

If your clients are asking for assurance or your growth strategy depends on larger enterprise contracts, SOC reporting is no longer optional. It’s a competitive necessity.