Wiliot Earns Top Marks in SOC 1 and SOC 2 Audits

Wiliot announced that the compnay has successfully achieved both System and Organization Controls (SOC) 1 Type II and SOC 2 Type II reports, issued by independent auditors from Ernst & Young Global Limited.

SOC 1 and SOC 2 are established auditing procedures developed by the American Institute of Certified Public Accountants (AICPA) to provide assurance about a company’s internal controls.
• SOC 1 focuses on a company’s controls over financial reporting, ensuring the accuracy and reliability of financial statements.
• SOC 2 examines an organization’s security, availability, processing integrity, confidentiality, and privacy controls, demonstrating its commitment to protecting sensitive data.

What does this mean for Wiliot and its customers? Receiving both SOC 1 and SOC 2 Type II reports signifies a significant milestone in Wiliot’s compliance journey. These independent audits validate Wiliot’s:
• Robust financial controls: Ensuring the accuracy and integrity of our financial reporting.
• Strong IT and security controls: Protecting critical data and infrastructure from unauthorized access or misuse.
• Commitment to industry best practices: Demonstrating our dedication to data security and compliance.

As a result, these reports offer several benefits for Wiliot and its customers:
• Enhanced trust and reputation: Clients can have confidence in Wiliot’s adherence to rigorous security and compliance standards.
• Competitive advantage: These certifications differentiate Wiliot as a security-conscious leader in the industry.
• Streamlined compliance: SOC reports can ease the compliance burden for customers requiring similar security assurances.