The issuance of the SOC 1 report demonstrates LeaseQuery’s commitment to the internal controls expected by our customers.
ATLANTA – February 22, 2023 – LeaseQuery, a leading provider of software built to simplify the complexities of accounting, today announced its completion of the SOC 1 Type 2 examination for LeaseQuery Advanced, performed by a Big 4 independent public accounting firm. The company completes these examinations with its independent public accounting firm twice per year to support our customers with various year-end calendars. The examination is accessible to customers and their financial statement auditors.
“Consistently obtaining SOC reports assures our customers that we are serious about prioritizing proper processes and controls,” said Joe Schab, President and Chief Operating Officer. “Businesses and their financial statement auditors can be confident that we care about internal controls and LeaseQuery’s adherence to controls operating effectively throughout the period.”
The SOC 1, or System and Organization Controls report, was developed by the American Institute of Certified Public Accountants (AICPA). The report serves as an examination of controls at a service organization relevant to user entities’ internal control over financial reporting. LeaseQuery completes the examination of controls under the SOC 1 Type 2 AICPA standards with an independent public accounting firm.
LeaseQuery makes accountants’ lives easier by simplifying the complex with technology. More than 28,000 financial professionals globally rely on our cloud-based, CPA-approved solutions and in-house accounting expertise to comply with confidence across various FASB, GASB and IASB accounting standards. Our software helps businesses minimize risk, increase efficiency and reduce costs. Learn more about LeaseQuery’s core lease accounting solution, which focuses on easing the mandatory transition to ASC 842, IFRS 16, GASB 87 and GASB 96 and ensuring organizations stay compliant, or explore additional accounting tools. For more information, visit LeaseQuery.com.
Shannon Matthews, Manager, Marketing Communications