Auburn-Opelika (334) 887-7022 | Montgomery (334) 244-8900

Service Organization Audits and IFRS Financial Reporting

Expecting more from your CPA? Let us show you how our team can Return Value to your organization with our specialized audit services.

The specialized audit services group at Machen McChesney can help you manage your organization’s internal controls through Service Organization Control (SOC) Reports. We can also guide organizations that have expanded operations outside of the US and are subject to International Financial Reporting Standards (IFRS).

Service Organization Audit Reports

SOC reports are reports on the internal controls over services provided by a service organization. SOC reports provide valuable information that users need to assess and address the risks associated with an outsourced service. Return value to your customers and set your service organization apart by demonstrating confidence and trust in your systems through one of the reports listed below.

SSAE 16/SOC 1 Reports

SSAE 16 is an internationally recognized third-party assurance audit designed for service organizations. This report replaced SAS 70 in 2011. If you are a service organization that impacts your client's financial reporting, you should consider an SSAE 16 to meet customer requirements.

SOC 2 Reports

A SOC 2 report can demonstrate that your organization’s information systems are superior. Assure security, availability, processing integrity, confidentiality and privacy. A SOC 2 report gives you compliance along with a recognizable third-party assurance report.

SOC 3 Reports

SOC 3 compliance, including WebTrust and SysTrust, is specifically designed for companies seeking independent assurance related to information systems and e-commerce.

IFRS Financial Reporting

Whether you are already reporting on International Financial Reporting Standards (IFRS), considering early adoption or gradually converging as standards are changed Machen McChesney can help you ensure a smooth transition. We can help you any answer any questions regarding the transition to IFRS, as well as how this change will impact you and your clients. Our specialists can help guide you through every step of the process.

Looking for more information about our specialized audit and IFRS financial reporting services? Our CPA firm proudly serves, Auburn, Opelika, Montgomery and the rest of Alabama and surrounding states. Fill out our contact form below or call us anytime at 334-887-7022 and one of our professionals will be glad to help. Together, we can Return Value to your organization.

Questions? Contact Melissa W. Motley, CPA