A3 Freight Payment Blog


The Role of an SOC 1 report (formerly SAS 70) in Freight Payment-White Paper

A3 Freight Payment is pleased to announce the publication of its latest white paper on topics of interest to freight payment stakeholders. Below is an excerpt from the beginning of the paper: 

Introduction

An essential element in the selection of a freight payment company is a review of that company’s SOC 1 report. The SOC 1 report provides important insight into the internal control structure of a freight payment provider, as well as the effectiveness of those controls. 

 Why is SOC 1 important for Sarbanes-Oxley compliance? 

The Sarbanes-Oxley Act of 2002, is a U.S. federal law that has set new and enhanced standards for all U.S. company boards, management and public accounting firms.  The objective of Sarbanes-Oxley, often referred to as  SOX), is to provide assurance to investors that the internal control structure of a company is sound and can be relied upon to produce reliable financial data. The SEC has repeatedly reminded management teams of companies which are subject to SOX that… 

 Download the full white paper here: 

 The Role of an SOC 1 report (formerly SAS 70) in Freight Payment

Posted by Ross Harris at 12:38 PM
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