Independent Audit Verifies MadHive’s Internal Controls and Processes
MadHive, the full-stack OTT advertising solutions company, announced that it has completed its SOC 1, SOC 2, and SOC 3 audits. This attestation verifies that MadHive has the proper internal controls and processes in place to deliver high-quality services to its clients.
KirkpatrickPrice, a licensed CPA firm, performed the audit and appropriate testing for MadHive’s SOC 1 and SOC 2 audits. Pursuing these attestations within a year is an impressive accomplishment and shows MadHive’s dedication to providing a secure platform.
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SOC 1 is a reporting on the controls at a service organization that was established by the American Institute of Certified Public Accountants (AICPA). This report is in compliance with the SSAE 18 auditing standards and focuses on the controls of a service organization that are relevant to an audit of a user entity’s financial statements. The standard demonstrates that an organization has adequate controls and processes in place.
SOC 2 is based on the AICPA’s Trust Services Criteria. SOC 2 service auditor reports focus on a service organization’s non-financial reporting controls as they relate to security, availability, processing integrity, confidentiality, and privacy of a system. KirkpatrickPrice’s service auditor report verifies the suitability of the design and operating effectiveness of Medici’s controls to meet the standards for these criteria.
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SOC 3 is based on the Trust Services Criteria like SOC 2, but the resulting report is designed for external distribution to relevant partners.
“We’re proud to have built the next-generation ad platform marrying the best of television with the best of digital,” said Adam Helfgott, CEO at MadHive. “Earning the trust of our customers has always been a top priority for us, and these certifications are another meaningful way we can reaffirm that commitment.”
“MadHive’s clients rely on them to protect information,” said Joseph Kirkpatrick, President of KirkpatrickPrice. “As a result, MadHive has implemented best practice controls demanded by their customers to address information security and compliance risks. Our third-party opinion validates these controls and the tests we perform provide assurance regarding the managed solutions provided by MadHive.”
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