Weโre proud to announce that ShareForce is now SOC 1 compliant, marking a significant milestone in our commitment to excellence, security, and trust. This achievement is more than just a certificationโitโs a clear signal to our customers that we take the integrity of their financial data seriously.
What Is SOC 1 Compliance, and Why Does It Matter?
SOC 1 (System and Organization Controls 1) is an internationally recognized auditing standard developed by the American Institute of Certified Public Accountants (AICPA). It focuses on the internal controls over financial reporting (ICFR). When a company like ShareForce achieves SOC 1 compliance, it means our systems and processes have undergone rigorous third-party assessment and meet the high standards required to ensure the accuracy, security, and reliability of financial data.
What This Means for Our Clients
At ShareForce, we support companies in meeting their obligations under IFRS 2 by providing automated, auditable, and accurate equity compensation accounting. With our new SOC 1 certification:
- You gain peace of mind knowing our platform maintains robust internal controls designed to ensure the accuracy and completeness of your financial data.
- Independent auditors have verified the precision of our IFRS 2 calculations, including fair value assessments and consistency of input data across clients.
- Your financial reporting is backed by certified standards, making audits smoother and increasing trust among your internal and external stakeholders.
- Sensitive financial data is handled with care, following industry best practices for data governance, system reliability, and process integrity.
Also read “How to ensure Data Security and Privacy in Technology-Enabled Incentive Plan Management” >>
Reinforcing Confidence and Reliability
For organizations relying on ShareForce for their share-based payment calculations and disclosures, this certification provides an added layer of assurance. It demonstrates our unwavering focus on delivering reliable, audit-ready accounting reportsโevery single time.
This is more than just a compliance check. Itโs a reflection of how we operate: with transparency, precision, and a deep understanding of the financial reporting pressures our clients face.
Looking Ahead
Achieving SOC 1 compliance is just one part of our ongoing commitment to security, trust, and excellence. Weโll continue investing in our platform and processes so our clients can confidently depend on ShareForceโnot just today, but well into the future.
If you have any questions about what SOC 1 compliance means for your organization, or how ShareForce supports financial reporting, donโt hesitate to reach out.
ShareForceโs Role in Financial Data Integrity as an Incentive Plan Management Platform
At ShareForce, maintaining the integrity and reliability of financial data is at the heart of what we do. As a trusted Incentive Plan Management Platform, our SOC 1 compliance reinforces our commitment to strong internal controls and accurate financial reporting. We ensure that every aspect of our platformโfrom IFRS 2 calculations to client data consistencyโis backed by independently audited processes and industry-leading standards. By combining automation with rigorous compliance, we help our clients streamline their reporting while upholding the highest level of trust and transparency.
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