We’re thrilled to share a significant milestone in our commitment to excellence, Agora has successfully achieved SOC 1 compliance. This achievement reinforces our dedication to protecting your data and ensuring our operations meet the highest industry standards.
What is SOC 1 compliance?
SOC 1 (System and Organization Controls 1) compliance is a rigorous auditing standard developed by the American Institute of Certified Public Accountants (AICPA). It evaluates an organization’s internal controls over financial reporting. Attaining SOC 1 compliance means an independent auditor has thoroughly assessed our control objectives and activities, confirming they are effectively designed and operational.
What SOC 1 compliance means for our customers
SOC 1 compliance brings key benefits to our clients. It enhances security by demonstrating our unwavering commitment to protecting your data against unauthorized access and breaches. It also ensures operational excellence, as the audit rigorously evaluates our internal controls, reducing the risk of errors and ensuring we operate with efficiency and effectiveness.
This compliance strengthens your trust in us, providing confidence that we manage your data with the utmost integrity and security. Additionally, our SOC 1 compliance ensures we meet industry standards and contractual obligations, making it easier for you to do business with us.
What gets evaluated in a SOC 1 audit?
The SOC 1 audit is comprehensive, covering a wide range of our internal controls. This includes:
- Control Environment: Our organizational structure, ethical values, and commitment to competence.
- Risk Assessment: How we identify and manage risks that could affect our financial reporting.
- Control Activities: The specific actions we take to address risks and ensure accurate financial reporting.
- Information and Communication: How we capture and disseminate relevant information within the organization.
- Monitoring: Our processes for assessing the quality of our internal control performance over time.
Scytale, our compliance partner
We’re grateful for the support of our compliance partner, Scytale, whose platform and expertise helped us navigate the SOC 1 compliance process. Their tools and guidance were instrumental in preparing us to meet the stringent requirements, allowing us to focus on our core operations while successfully completing the audit.
Agora’s ongoing commitment to compliance
Achieving SOC 1 compliance is just the beginning. We are committed to renewing our SOC 1 report annually, ensuring our controls remain robust and aligned with evolving standards. This ongoing effort underscores our dedication to delivering the highest level of service and security to our clients.
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