Soc 1, Type 1 Certification
Lease Administration Certification
In September of 2018, Scribcor Global Lease Administration successfully completed a System and Organization Controls (SOC) 1 Type 1 Audit examination for our lease administration business. This audit was the next logical step in our mission to be the industry’s leading, independent provider of tenant lease administration services. Over the last two years, we have expanded our global capabilities, and developed deeper expertise in lease administration, FASB lease accounting, and equipment lease administration.
SOC 1 Type 1 compliance certifies that our business practices, policies and procedures, and the safeguards we employ to protect and secure our clients’ data are in line with industry standards and best practices. We always strive to provide our clients with reliable, best in class services in a manner that meets their needs and exceeds their expectations. We received an unqualified opinion in our report, which indicates full compliance with the audit and that no adverse conditions exist amongst the items and procedures examined.
Scribcor was very excited about achieving this SOC 1 compliance milestone, and we continue to maintaining our focus on organizational control and advancing our mission to be the industry’s lease administrator of choice.