CoStrategix obtained SOC 2 Type 1 attestation, demonstrating stringent controls to ensure the security and reliability of its systems. CoStrategix received a clean opinion from the independent auditing firm Sensiba.
CoStrategix is proud to announce it has achieved System and Organization Controls (SOC 2) Type 1 compliance, reinforcing its commitment to maintaining the highest standards of security, availability, and confidentiality for its clients. This significant milestone underscores CoStrategix’s dedication to implementing stringent controls and practices that protect customer data and ensure the reliability of its services.
Developed by the American Institute of Certified Public Accountants (AICPA), the SOC 2 information security audit provides a detailed report on the examination of controls relevant to the five trust services criteria categories (TSC). The trust services categories include security, availability, processing integrity, confidentiality, and privacy. A SOC 2 Type 1 report describes a service organization’s systems, and whether the design of specified controls meets the relevant trust services criteria.
SOC 2 (System and Organization Controls 2) Type 1 attestation is awarded following a rigorous audit conducted by an independent third-party auditor. Sensiba LLP performed CoStrategix’s audit and issued CoStrategix a “clean” audit opinion with no exceptions. This milestone demonstrates CoStrategix’s robust system controls and effective design for meeting the trust services criteria. CoStrategix is also partnering with Drata, a compliance automation platform, to help accelerate the path to audit-readiness and continuous compliance.
“SOC 2 Type 1 compliance is a major milestone on our path to improve our security posture,” said Jeff Fichlie, VP of Technology. “This accomplishment reflects our unwavering commitment to providing our clients with the highest level of security and trust. As we continue to grow, we understand the critical importance of safeguarding clients’ data and maintaining robust security practices.”
The SOC 2 Type I audit is a first step in CoStrategix’s ongoing efforts to provide exceptional service while safeguarding client information. CoStrategix is already actively working toward obtaining SOC 2 Type 2 attestation. While Type 1 evaluates controls at a single point in time, SOC 2 Type 2 will assess the effectiveness of these controls over a defined period, providing further assurance of CoStrategix’s ongoing commitment to operational excellence and data protection.
“Our journey toward SOC 2 Type 2 compliance is well underway,” added Greg Fritz, Vice President of Digital Solutions. “We are dedicated to continuously improving our processes and controls to meet and exceed industry standards. Achieving SOC 2 Type 2 will demonstrate our sustained commitment to security and compliance, providing our clients with the confidence that their data is secure, available, and confidential.”
About Sensiba
Sensiba’s comprehensive accounting, tax, and consulting services help businesses and people solve problems, navigate complexity, and build a foundation for sustainable growth. A top-100 U.S. firm, Sensiba is passionate about collaborating with clients to increase efficiency, mitigate risk, and prepare to embrace emerging opportunities. As a certified B Corp, Sensiba fosters a culture where people, families, and communities thrive. It supports clients’ international accounting, auditing, tax, and consulting needs as an independent member of Morison Global.
About CoStrategix
CoStrategix is a strategy-led digital and data transformation services firm that helps organizations unleash their business potential. We help organizations tap into AI’s transformative power, leverage data insights, build digital products for today’s world, and modernize their technology stack in order to unlock new revenue streams, competitive advantages, and greater efficiencies. Get in touch.
