SOC 1 compliance and readiness services
Expert guidance to help you build trust through stronger financial controls
Rhymetec helps service organizations prepare for SOC 1 audits by defining scope, implementing controls, documenting systems, and managing audit readiness. Our experts simplify the process so you can meet customer and auditor expectations with confidence.
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Built for organizations where financial controls matter
Experience that simplifies even the most complex compliance programs
- End-to-end SOC 1 readiness, audit coordination, and ongoing compliance management
- Guidance for both Type I and Type II SOC 1 reports based on your business objectives
- Dedicated in-house experts who manage documentation, evidence, and auditor communication
- Continuous support to maintain compliance year after year
A stronger foundation for enterprise growth
Organizations that support their customers’ financial reporting need more than documented controls, they need confidence those controls can withstand audit scrutiny. Rhymetec helps you establish a structured, audit-ready control environment through scope definition, control implementation, evidence preparation, and auditor coordination, making the path to SOC 1 more efficient and manageable.
Our approach to SOC 1 readiness
A structured process designed to reduce complexity and accelerate audit success.
Scope & Planning
Define report type, identify in-scope systems and processes, and establish project requirements.
Gap Assessment
Evaluate existing controls against SOC 1 control objectives and identify remediation priorities.
Control Implementation
Develop documentation, assign ownership, implement controls, and prepare supporting evidence.
Audit Management
Coordinate with your auditor, manage evidence requests, and support report delivery.
Ongoing Compliance
Continuously monitor controls, maintain evidence, and prepare for future audit cycles.
Compliance that strengthens customer confidence
Everything you need to prepare for a successful SOC 1 audit.
- Scope definition and system documentation
- Control objective development and gap analysis
- Control implementation and evidence management
- Auditor coordination and audit support
- Ongoing compliance management and annual audit preparation
Have a question?
We can help.
What is SOC 1?
SOC 1 is an audit framework established under SSAE 18 that evaluates the internal controls of service organizations that could impact their customers’ financial reporting. It helps provide assurance that financial reporting-related processes are properly designed and operating effectively.
Who needs a SOC 1 report?
SOC 1 is intended for service organizations whose systems or processes may affect a customer’s financial statements. This often includes payroll providers, payment processors, financial technology companies, claims processors, and organizations providing outsourced accounting or financial services.
How can Rhymetec help with SOC 1 compliance?
Rhymetec manages the entire readiness process, from defining scope and documenting your system description to implementing controls, coordinating with auditors, managing evidence, and maintaining compliance after your report is issued. Our team serves as an extension of yours, helping reduce internal workload while accelerating audit readiness.
What is the difference between SOC 1 and SOC 2?
SOC 1 focuses specifically on controls that affect customers’ financial reporting. SOC 2 evaluates controls related to security, availability, processing integrity, confidentiality, and privacy. Organizations whose services impact financial transactions typically pursue SOC 1, while technology and SaaS providers more commonly pursue SOC 2.
What is the difference between a SOC 1 Type I and Type II report?
A Type I report evaluates whether controls are properly designed at a specific point in time. A Type II report evaluates both the design and operating effectiveness of those controls over a defined observation period, typically several months.
What is SOC 1?
SOC 1 is an audit framework established under SSAE 18 that evaluates the internal controls of service organizations that could impact their customers’ financial reporting. It helps provide assurance that financial reporting-related processes are properly designed and operating effectively.
What is the difference between SOC 1 and SOC 2?
SOC 1 focuses specifically on controls that affect customers’ financial reporting. SOC 2 evaluates controls related to security, availability, processing integrity, confidentiality, and privacy. Organizations whose services impact financial transactions typically pursue SOC 1, while technology and SaaS providers more commonly pursue SOC 2.
Who needs a SOC 1 report?
SOC 1 is intended for service organizations whose systems or processes may affect a customer’s financial statements. This often includes payroll providers, payment processors, financial technology companies, claims processors, and organizations providing outsourced accounting or financial services.
What is the difference between a SOC 1 Type I and Type II report?
A Type I report evaluates whether controls are properly designed at a specific point in time. A Type II report evaluates both the design and operating effectiveness of those controls over a defined observation period, typically several months.
How can Rhymetec help with SOC 1 compliance?
Rhymetec manages the entire readiness process, from defining scope and documenting your system description to implementing controls, coordinating with auditors, managing evidence, and maintaining compliance after your report is issued. Our team serves as an extension of yours, helping reduce internal workload while accelerating audit readiness.