Why should you be interested in CHESS Shared Services?
The answer is clear – CHESS has SOC 1 Type 2 Compliance

SOC 1 Type 2 compliance is a formal audit and certification process that evaluates how well CHESS manages and protects financial reporting-related data over time. This assessment focuses on the design and operational effectiveness of our internal controls over a defined period (usually 6–12 months). Achieving this compliance is crucial for CHESS, as it demonstrates our commitment to maintaining a consistent and reliable control environment for handling sensitive financial information on behalf of our clients.

For legislators, regulators, and business partners, SOC 1 Type 2 compliance with CHESS provides:

• Trust and transparency in our financial operations
• Risk mitigation by ensuring consistent control environments
• Audit readiness for clients subject to Sarbanes-Oxley (SOX) or other financial regulations
• Competitive advantage by validating our operational integrity and reliability