We’re excited to share that Lucasys has successfully completed its SOC 1 Type II certification—a significant milestone that highlights our unwavering commitment to security, control, and financial accuracy for our customers.

At Lucasys, we understand the responsibility that comes with delivering software and services that directly impact our customers’ financial reporting. This certification is more than a checkbox—it’s a reflection of how we operate every day, and a validation of the trust that utility and energy providers place in us.

What Is SOC 1 Type II—and Why Does It Matter?

SOC 1 Type II, issued under the standards of the American Institute of Certified Public Accountants (AICPA), is one of the most respected audits available for service providers. It’s designed for companies like Lucasys whose systems play a critical role in their clients’ internal controls over financial reporting (ICFR).

Unlike SOC 1 Type I, which evaluates control design at a single point in time, SOC 1 Type II examines how those controls perform over an extended period. That means it doesn’t just validate the systems we’ve built—it confirms that they consistently work the way they’re supposed to.

For utilities and energy companies, this certification provides added assurance that Lucasys solutions meet the high standards required for financial and regulatory compliance.

Independent Validation of Our Internal Controls

The SOC 1 Type II audit was conducted by an independent, third-party CPA firm and included a comprehensive review of our operations, including:

The integrity and reliability of our financial data management
The consistency of our control execution over time
Our alignment with the requirements that impact our customers' financial statements

The successful completion of this audit reinforces what our customers already know: Lucasys is committed to delivering secure, compliant, and audit-ready software that stands up to scrutiny.

Confidence You Can Count On

“We know that utilities and energy companies rely on Lucasys to support complex financial and tax operations that directly affect their compliance and reporting,” said Vadim Lantukh, CEO of Lucasys. “Completing our SOC 1 Type II certification demonstrates our operational discipline and our commitment to helping customers maintain confidence in their data, systems, and financial outcomes.”

This announcement comes on the heels of our launch of Lucasys Tax Provision, the newest module in our growing Income Tax Suite. As we continue to expand our platform to meet the evolving needs of finance, tax, and accounting professionals, SOC 1 Type II certification is a clear indicator of the standards we hold ourselves to.

Built for the Future of Utility Finance

Lucasys delivers scalable, cloud-based solutions that help asset-intensive organizations streamline tax processes, enhance fixed asset management, and confidently navigate today’s complex regulatory landscape.

Whether you’re responding to rate case requirements, managing book-to-tax differences, or preparing for an audit, Lucasys is built to support your most critical financial workflows—securely, transparently, and reliably.

To request a copy of our SOC 1 Type II report, please reach out to your Lucasys representative.

Want to learn more about our solutions? Visit lucasys.com/solutions and follow Lucasys on LinkedIn for the latest updates.

About Lucasys
Lucasys provides software and technology-enabled services to empower finance, accounting, and tax professionals in asset-intensive industries to optimize the financial performance of their fixed assets and proactively meet changing regulatory and compliance requirements. With a core focus on rate-regulated utilities, Lucasys delivers the domain expertise and solutions customers need to achieve operational and strategic success. Learn more at www.lucasys.com.

Lucasys Achieves SOC 1 Type II Certification: Reinforcing Trust, Transparency, and Financial Integrity