PassioHR has successfully completed a System and Organizational Controls (SOC) 1® Type II examination covering our payroll processing system. This report will provide our clients with peace of mind that we’ve implemented the proper controls necessary to deliver their payroll services correctly.
The SOC 1 Type II is a report created by the American Institute of Certified Public Accountants (AICPA). It examines the internal controls implemented by a service organization over their financial reporting, allowing clients to assess any risks associated with the services they’re outsourcing to our company.
By obtaining a SOC 1 Type II report, PassioHR has successfully complied with SSAE 18 auditing standards and demonstrated that we have the proper controls and processes in place. These best practices ensure we’re able to deliver valid, accurate and complete financial statements to our clients receiving payroll processing services.
The SOC 1 Type II report provides a variety of benefits to our clients:
In addition, the SOC 1 Type II is a requirement for publicly traded companies. By obtaining this report, we’re able to meet the needs of our publicly traded clients.
PassioHR is a full-service PEO company focused providing comprehensive employee engagement solutions for a wide range of businesses. We can help manage just about any HR service you need assistance with, including:
Contact us today to find out how we can elevate the success of your organization.