The completion of the SOC 1 report showcases LeaseQuery’s dedication to implementing proper internal controls
ATLANTA – June 1, 2023 – LeaseQuery, a leading provider of software built to simplify the complexities of accounting, today announced the completion of the SOC 1 examination, performed by a Big 4 independent public accounting firm. This examination is completed twice per year to support our customers with various year-end calendars.
“Completing an updated SOC report every year is reassuring to our customers,” said Joe Schab, President and Chief Operating Officer. “This examination shows our commitment to maintaining proper internal controls so our customers can have confidence in our lease accounting solutions.”
The SOC 1, or System and Organization Controls Report, was developed by the American Institute of Certified Public Accountants (AICPA). It is 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.
Find out why LeaseQuery is rated #1 for user satisfaction and ease of use for lease accounting software here.
About LeaseQuery
LeaseQuery makes accountants’ lives easier by simplifying the complex with technology. More than 25,000 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.
Media Contact
Amelia Wright
Alloy on behalf of LeaseQuery
amelia.wright@alloycrew.com
(855) 300-8209
