System Organization Controls (“SOC”) Reporting
Proactively safeguarding your business
In a landscape of increasing use of third-party vendors within the supply chain, major disruptions due to cybersecurity incidents, and complex security and privacy laws and regulations, it is more crucial than ever to be transparent about how your organization maintains and operates internal controls. SOC reporting helps satisfy customer needs for transparency and increases management visibility regarding its governance of risks and controls, making it a key differentiator for your company.
Core SOC solutions
Our practice has completed SOC examinations in a wide range of industries, and we offer comprehensive services for readiness assessments as well as provide Type I (point-in-time examinations) and Type II (period-of-time examinations).
SOC 1 reports are important for companies that provide services or process transactions on behalf of other organizations that impact their clients’ financial reporting.
A SOC 2 Report builds confidence over different types of systems through an examination of internal controls using the AICPA’s Trust Services Criteria related to security, availability, confidentiality, processing integrity and/or privacy categories.
SOC 2 for Supply Chain is a specialized report designed for manufacturers and distributors. It follows the SOC 2 methodology, but its scope and focus rest purely around risks and controls that help avoid disruption in the supply chain.
SOC for Cybersecurity is appropriate for a variety of businesses and industries. This type of examination offers an independent, entity-wide examination of cybersecurity risk management programs and related controls.
SOC 3 audits focus on evaluating and reporting the same controls as SOC 2 but offer a general use report. This empowers service organizations to demonstrate their standards adherence to a broader audience, including potential customers and stakeholders, enhancing transparency and trust.
Trusted SOC Advisors
Our dedicated IT Assurance practice includes members with CPA, CISA, and CITP credentials, and our team has extensive experience in performing high-quality SOC examinations. We use cutting-edge technology and software to streamline SOC examinations, enhancing coordination, communication, and efficiency. This approach allows for seamless documentation exchange and immediate feedback, reducing turnaround time for timely SOC report completion.
Related services
Our solutions are tailored to each client's strategic business drivers, technologies, corporate structure, and culture