Rakkar, Asia’s leading qualified digital asset custodian, proudly announces its completion of the System and Organisation Controls (SOC) 1 Type 1 audit as part of its commitment to security excellence, instilling trust and assurance for its institutional clients across Asia.
The SOC 1 Type 1 report, prepared in accordance with the Statement on Standards for Attestation Engagements (SSAE) No.18, rigorously evaluates the design and implementation of controls crucial to financial reporting.
The achievement of SOC 1 Type 1 audit attests to Rakkar’s commitment to maintaining robust internal control design at a specific point in time such as monitoring and risk assessment processes, reinforcing Rakkar’s capability to uphold accurate and dependable financial reporting standards.
“Obtaining SOC 1 Type 1 attestation underscores Rakkar’s unwavering commitment to maintaining the highest standards of internal controls and financial reporting integrity”, said Thomas Kung, CISO, Compliance and Risk Officer at Rakkar. “In addition to our existing SOC 2 Type 1 and Type 2 attestations and ISO 27001 certification, this attainment solidifies our asset security leadership globally.”
For more information about Rakkar and the services offered, please visit Rakkar’s official website.
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