iLeasePro Earns Its 2026 SOC 1 Type 2 Report
Questions this article answers
- Does iLeasePro have a SOC 1 Type 2 report?
- What period does iLeasePro's 2026 SOC 1 report cover?
- How can an auditor get iLeasePro's SOC 1 report?
iLeasePro has received its 2026 System and Organization Controls (SOC) 1 Type 2 report, covering August 1, 2025 through July 31, 2026. A-LIGN, an independent service auditor, examined the controls under Statement on Standards for Attestation Engagements (SSAE) No. 18, the attestation standard of the American Institute of CPAs (AICPA). Its opinion is that the controls were suitably designed and operated effectively throughout the period, in all material respects.
The report at a glance:
| At a glance | |
|---|---|
| Service auditor | A-LIGN, an independent service auditor |
| Report | SOC 1 Type 2 |
| Period covered | August 1, 2025 to July 31, 2026 (twelve months) |
| Standard | SSAE No. 18 (AICPA) |
| Opinion | In all material respects, the controls were suitably designed and operated effectively throughout the period to achieve the control objectives stated in the report |
The announcement went out on EIN Presswire on September 28, 2026: iLeasePro Earns 2026 SOC 1 Type 2 Report for ASC 842 Lease Accounting Software.
What a SOC 1 Type 2 report tells an auditor
A SOC 1 report covers the controls at a service organization that matter to its customers' financial reporting. For an iLeasePro customer, that service organization is the system that produces the lease amortization schedules and ASC 842 journal entries. Those entries land in the general ledger at every month-end close.
The type matters. A Type 1 report looks at whether controls were suitably designed as of a single date. A Type 2 report also tests whether they operated effectively across a period, which here was twelve months. That is the evidence an external auditor can use about the controls at iLeasePro, alongside their own work on the company's lease data.
For the full picture of what to check in any vendor's report, see what to look for in a SOC 1 report for lease accounting software.
The five control areas A-LIGN tested
- Information security: access to the application and production systems, password and lockout rules, audit logging, and daily backups.
- Data communications: encryption of data in transit and at rest, firewall rules, and intrusion detection.
- Control environment: policies, background checks, and security training for staff.
- Change management: how software changes are requested, approved, tested, and released.
- ASC 842 validation: edit checks on the data customers enter, review of system output for completeness and accuracy, and whether the application accurately applies lease calculations and amortization.
The fifth area is the one a controller cares about most. The report does not stop at the servers. It also covers the controls over the lease accounting the software produces.
What stays with the customer
No SOC 1 report covers everything. The report lists the controls customers are expected to keep on their side, known as complementary user entity controls. They include:
- Managing who can log in to the company's iLeasePro account.
- Keeping lease data complete and accurate.
- Maintaining the company's own system of record.
The accounting judgments stay with the customer too. Whether a lease is operating or finance (ASC 842-10-25-2 and 25-3), which discount rate applies (ASC 842-20-30-3), and whether every lease is in the system are the company's calls. The auditor will test them directly. Our guide to complementary user entity controls for lease accounting software covers how to document them.
Timing is the other thing to plan for. The report ends July 31, 2026. If a company's fiscal year ends later, its auditor will consider the months the report does not cover.
What it means for iLeasePro customers
Our customers trust iLeasePro with numbers that go straight into their financial statements. An independent examination, repeated every year, is how we show that trust is earned. It also gives their auditors independent evidence to use at year-end.
Congratulations to iLease Management LLC for earning their SOC 1 Type 2 attestation, which is a widely recognized signal of trust and security. It's great to work with organizations like iLease Management LLC who understand the value of expertise in driving an efficient audit and the importance of a high-quality final report.
iLeasePro repeats the SOC 1 examination every year.
How to request the 2026 report
The report is restricted to iLeasePro customers and their auditors. An auditor gets the report through the customer:
- The customer requests a copy through iLeasePro's contact page or their usual support channel.
- The customer passes the copy on to their auditor.
Finance teams evaluating lease accounting software can request a demonstration of iLeasePro.
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