SOC 1

Jan 1, 0001

Definition

SOC 1, or System and Organization Controls 1, is a framework developed by the American Institute of Certified Public Accountants (AICPA) for evaluating the internal controls of a service organization that are relevant to a client’s financial reporting. It focuses on the controls at a service organization that are likely to be relevant to an audit of a client’s financial statements. SOC 1 reports are intended for use by the management of the service organization, user entities, and auditors.

Secure Settings Example

# Example of a secure SOC 1 policy implementation in a cloud service provider
audit_policy:
  - control_id: "1.1"
    description: "Ensure all financial data processing is logged and monitored"
    implementation: 
      - enable_logging: true
      - log_retention_days: 365
      - access_control:
          - role: "auditor"
            permissions: "read-only"
      - monitoring_tools: 
          - enabled: true
          - tool_name: "CloudWatch"

Insecure Settings Example

# Example of an insecure SOC 1 policy implementation
audit_policy:
  - control_id: "1.1"
    description: "Financial data processing logging"
    implementation: 
      - enable_logging: false  # Logging is disabled
      - log_retention_days: 0  # No retention policy
      - access_control:
          - role: "auditor"
            permissions: "full-access"  # Excessive permissions
      - monitoring_tools: 
          - enabled: false  # Monitoring tools are disabled