01/05/21 - Causal today announced that the company has successfully completed its SOC 2 Type I audit. SOC 2 engagements are based on the AICPA’s Trust Service Criteria. SOC 2 audit reports focus on a Service Organization’s non-financial reporting controls as they relate to Security, Availability, Confidentiality, Processing Integrity and Privacy of a system. The audit was conducted by Dansa D’Arata Soucia LLP (www.darata.com). In doing so Causal maintains its adherence to one of the most stringent, industry-accepted auditing standards for service companies and provides additional assurance to its clients, through an independent auditor, that its business process, information technology and risk management controls are properly designed.
The official audit report provides a thorough review of Causal's internal controls, policies, and processes for financial modelling. It also reviews Causal's processes relating to risk management and subservice (vendor) due diligence, as well as Causal's entire IT infrastructure, software development life cycle, change management, logical security, network security, physical & environmental security, and computer operations.
"We are pleased that our SOC 2 report has shown that we have the appropriate controls in place to mitigate risks related to the services we provide to our customers,” said Lukas Köbis, Causal Co-Founder. “It's important our customers know that any data which they use in Causal is safe and secure”.
Causal is an FP&A tool which lets you build financial models effortlessly and share them with interactive, visual dashboards that everyone will understand.
In Causal, you build your models out of variables, which you can then link together in simple plain-English formulae. This makes your models easy to understand and quick to build, so you can spend minutes, not days, on your models. When you're done, you can share the link to your model with stakeholders. They'll be able to view your model's outputs in a visual dashboard, rather than a jumble of tabs and complex formulae.
Causal makes it simple to incorporate advanced modelling techniques like scenario analysis, sensitivity analysis, and uncertainty in your inputs. You can also integrate all of your most important data sources, from spreadsheet software like Sheets and Excel, to accounting platforms like Xero and Quickbooks.
Dansa D’Arata Soucia LLP (“DDS”) is a full service CPA firm based out of Buffalo, New York. Over the past decade, DDS has built a team of auditors dedicated to understanding the AICPA’s Trust Service Criteria and how properly applying best practices to comply with this set of criteria results in a mitigation of risk as it relates to protecting sensitive data. DDS understands that a SOC 2 audit can be initially intimidating. As such, DDS has worked tirelessly on finding ways to streamline the audit process to be as minimally invasive as possible on company resources. This allows the management teams of their clients to stay focused on growing their businesses! To learn more about DDS and their SOC services, please contact Daniel Garigen, CPA at firstname.lastname@example.org and visit their website at www.darata.com.