Think of the SOC 1 report as a It proves that ADP’s systems and controls are designed correctly and are working effectively to handle your financial data. The 2024 Edition: What's Inside the Story? The ADP SOC 1 Report 2024 is the latest version of this trust document. It tells you three specific things:
ADP hires a very strict, independent security expert (a CPA firm) to inspect their vault. This expert writes a report called the SOC 1 (System and Organization Controls 1) Report . adp soc 1 report 2024
You don’t want to manually calculate taxes, health deductions, and 401(k) contributions. It’s stressful and risky. So, you hire a giant, armored car company called to handle your payroll. Think of the SOC 1 report as a