LeaseQuery Completes its System and Organization Controls (SOC) 1 Type 2 Assessment performed by a Big 4 auditor

by | Jan 5, 2021

Concluding 2020 with this report indicates LeaseQuery’s prioritization on the appropriate internal controls required for audit completion

ATLANTA – January 5, 2021LeaseQuery, a leading provider of purpose-built lease accounting software to more than 1,000 businesses, announced today that it has once again completed its SOC 1 Type 2 Assessment performed by a Big 4 auditor. The report is available as a part of the company’s standard examination practices.

“Maintaining an up-to-date SOC report gives our clients current insight into processes in place around LeaseQuery’s internal controls over financial reporting,” said George Azih, CEO and founder of LeaseQuery. “With accountability and customer commitment at the forefront of our core values, offering our customers a certified report outlining proper internal controls gives them peace of mind to use our lease accounting solution.”

Developed by the American Institute of Certified Public Accountants (AICPA), the SOC 1, or Service Organization Control report is an examination of controls at a service organization relevant to user entities’ internal control over financial reporting. Working with an independent public accounting firm to complete the examination of controls under the SOC 1 Type 2 AICPA standards remains a top priority investment for LeaseQuery.

“Our customers can feel confident in our promise to make every investment to establish and maintain the highest level of scrutiny and compliance,” said Azih.

In addition to its SOC 1 Type 2 assessment, LeaseQuery is making a number of enhancements to its technology offerings by adding additional layers of accounting coverage to its platform. Find out why more than 10,000 accountants are using LeaseQuery’s platform here.

About LeaseQuery

LeaseQuery helps more than 10,000 accountants and other finance professionals eliminate lease accounting errors through its CPA-approved lease accounting software. It is the first lease accounting software built by accountants for accountants. By providing specialized consulting services in addition to its software solution, LeaseQuery facilitates compliance with the most comprehensive regulatory reform in 40 years for businesses across all sectors.

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