Supreme Bridge Letter For Soc 1

By Megan Kovash Partner CPA on January 1 2020 January 1 2020 Every year as summer draws to a close one of the most sought-after topics for discussion that clients business associates and others reach out to our firm about is regarding Gap Letters sometimes called Bridge Letters.

Bridge letter for soc 1. The bridge letter can be used by your organization as an interim assurance while waiting for the next SOC audit report. A bridge letter also known as a gap letter is an important document made available by the service organization your vendor to cover a period of time between the reporting period end date of the current SOC report and the release of a new SOC report. Required fields are marked Comment.

Type 1 report on the fairness of the presentation of managements description of the service organizations system and the suitability of the design of the controls to achieve the related control objectives included in the description as of a specified date. Bogdan Manda Jan 27 2021. It is a document issued to help you service organization prove to your clients regarding the effectiveness of your organizations control environment between reports.

The bridge document that you submit to your stakeholders should contain the following components. A member of the responsible team will then contact you directly by email with a link for you to download the reports requested. 1550 Wewatta Street Second Floor Denver CO 80202.

External auditors are requires SOC 1 report. A contact name and email address. In instances where there is a gap between the SSAE 16 SOC 1 type II reporting period and user entities financial reporting period service organizations can issue a bridge letter to user entities to provide additional comfort over the controls for the period not covered by type II report.

Name Email Website. A Bridge letter which is also popularly known as a gap letter is an important part of the SOC1 and SOC2 examination process. SOC 1 Report f.

Use of these reports is restricted to the management of the service organization user. Define the SOC reports you are looking for. SOC 1 Bridge Gap Letter - Customer 360 Audiences To help customers fulfill financial reporting related requirements Salesforce provides a SOC 1 Bridge letter - sometimes referred to as a Gap Letter or Comfort Letter - to provide assurance coverage over the difference in customer financial reporting periods and the currently available report period.