SOC 1 definition

SOC 1 has the meaning set forth in clause 5.2 of this Agreement.
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SOC 1 means the AICPA System and Organizational Controls for Service Organizations – SOC 1: Report on Controls at a Service Organization Relevant to User Entities’ Internal Control over Financial Reporting audit, as amended or superseded or replaced from time to time, or other modified or replacement or successor report
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SOC 1 means an audit that provides an opinion regarding the controls as the service organization that are likely to be relevant to user entities’ internal control over financial reporting.
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Examples of SOC 1 in a sentence

  • FSC shall help facilitate periodic reviews by the Fund’s independent auditors (e.g., SOC 1 reports).

  • On an annual basis, DST will provide the Fund with copies of its SOC 1 report.

  • On an annual basis, the Transfer Agent will provide the Fund with copies of its SOC 1 report.

  • Upon reasonable request of a Fund, the Custodian shall provide the Fund with a copy of the Custodian’s Service Organizational Control (SOC) 1 reports prepared in accordance with the requirements of AT section 801, Reporting on Controls at a Service Organization (formerly Statement on Standards for Attestation Engagements (SSAE) No. 16).

  • We have attained, and will maintain, SOC 1 and SOC 2 compliance, or its equivalent, for so long as you are timely paying for SaaS Services.


More Definitions of SOC 1

SOC 1 means any routine Service Organization Control 1 reports.
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SOC 1 has the meaning set forth in Section 3.13 of the Master Servicing Agreement.
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SOC 1 means a report on the controls at a service organization pursuant to AICPA Statement on Standard for Attestation Engagements (SSAE) 16.
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SOC 1 has the meaning set forth in Section 8.7(a).
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SOC 1 has the meaning set forth in clause 5.2 of this Agreement. “Software” has the meaning set forth in clause 5.6.2 of this Agreement. “SSAE 18” has the meaning set forth in clause 5.2 of this Agreement. “Standard of Care” has the meaning set forth in clause 6.1 of this Agreement.
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SOC 1 is defined in Section 18.4.3(a) herein. “SOC 2” is defined in Section 18.4.3(a).
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SOC 1 means a Service Organisation Control 1 audit report which documents the audit of an entity’s internal controls relevant to the processing and securing of financial data; and
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