# SOC 1 | Secureframe

> Learn what a SOC 1 report is, how SOC 1 differs from SOC 2, Type I vs Type II SOC 1 reports, SSAE 18 standards, and when your organization needs a SOC 1 audit.

canonical: https://secureframe.com/glossary/soc1

The Service Organization Control 1 Report (SOC 1) is an auditor report assessing controls for financial reporting. The SOC 1 targets companies providing services that could affect clients’ financial statements or internal controls over financial reporting.

## What is SOC 1?

The Service Organization Control 1 Report (SOC 1) is an auditor report assessing controls for financial reporting. The SOC 1 targets companies providing services that could affect clients’ financial statements or internal controls over financial reporting. 

A SOC 1 Type 1 assesses the design of a company’s internal financial controls at one point in time, whereas a SOC 1 Type 2 evaluates both the design and effectiveness of a company’s internal financial controls over a period of time.