[Verse 1]
When building systems that handle the cash
You need a framework that's built to last
COSO's five components show the way
Control environment starts the day
Risk assessment comes next in line
Control activities by design
Information flows and monitoring too
Internal controls will see you through
[Chorus]
Standards guide us, keep us right
COSO, SOC, and GAAP in sight
Privacy rules and license laws
Financial controls without a flaw
C-O-S-O framework strong
A-I-C-P-A keeps us on track along
Document, verify, comply each day
Standards show us the proper way
[Verse 2]
SOC 1 reports on controls that matter
When financial data could scatter
Type 1 shows the design today
Type 2 proves they work that way
If your platform touches revenue streams
SOC 1 compliance fulfills the dreams
Auditors need to see the proof
Your controls provide the truth
[Chorus]
Standards guide us, keep us right
COSO, SOC, and GAAP in sight
Privacy rules and license laws
Financial controls without a flaw
C-O-S-O framework strong
A-I-C-P-A keeps us on track along
Document, verify, comply each day
Standards show us the proper way
[Verse 3]
IRS wants substantiation clear
Receipts and records must appear
Business expenses need their proof
Documentation is the roof
GAAP principles standardize the books
GAAS tells auditors where to look
Generally accepted, widely known
These standards help your business grown
[Bridge]
But watch your boundaries, know your place
Don't give tax advice without the base
State CPA licensing draws the line
Keep your platform's role defined
PIPEDA guards Canadian data tight
CCPA gives California rights
Privacy matters when money's involved
These regulations must be solved
[Chorus]
Standards guide us, keep us right
COSO, SOC, and GAAP in sight
Privacy rules and license laws
Financial controls without a flaw
C-O-S-O framework strong
A-I-C-P-A keeps us on track along
Document, verify, comply each day
Standards show us the proper way
[Outro]
Six standards strong will guide your path
Financial controls that truly last
Build your platform on solid ground
Where compliance can be found