SOC Reporting

SOC 1, 2, 3, SOC for Supply Chain & SOC for Cybersecurity

SOC Reporting Doesn’t Have to Be Complicated

Third-party validation gives you a competitive advantage and gives your clients more reasons to trust you. Specifically, System and Organization Control (SOC) engagements (formerly known as SAS 70 or SSAE 16 reviews) have become the gold standard for examining, assessing, and reporting on financial, data, and cybersecurity controls.

SOC 1, 2, 3, SOC for Supply Chain & SOC for Cybersecurity - Which Report Do You Need?

Our SOC experts work alongside you to ensure that your control activities meet industry best practices and satisfy the scrutiny of your clients and their auditors.

SOC 1 Audit

Reports on internal controls over completeness and accuracy of financial data. Helpful for finance executives, financial statement auditors and compliance personnel.

Who needs a SOC 1 audit?

Loan servicers
Payroll processors
Investment and benefit advisors

SOC 2 Audit

Validates security of services and controls related to the AICPA’s Trust Services Criteria. Helpful to meet third-party risk management and regulatory requirements.

These reports provide detailed information and assurance about controls relevant to security, availability, and processing integrity of the systems used to process users’ data, and the confidentiality and privacy of the information processed by these systems. A SOC 2 audit report proves to clients and auditors that an organization is committed to strong internal controls and security measures.

SOC 2 audit reports can play an important role in:

Oversight of the organization
Vendor management programs
Internal corporate governance and risk management processes
Regulatory oversight

Who needs a SOC 2 audit?

Service-based companies
Software as a Service (SaaS) providers
Cloud service providers (e.g., hosting, analytics, application migration)
Data centers & data storage facilities
Data processing companies
IT start-ups
Technology companies
IT security & privacy teams
Any company that stores client data in the cloud

SOC 3 Audit

Serves the same purpose as a SOC 2 report but presents the controls and other details in a generalized manner. This report is less sensitive in nature, and therefore the distribution of the report is typically unrestricted.

SOC for Supply Chain

Reports on an entity’s system or systems that produce, manufacture, or distribute products. Enables users to better understand and manage risks that could disrupt their operations or the operations of its vendors and

SOC for Cybersecurity

Reports on enterprise-wide cybersecurity risk management programs. Helpful for senior management, boards of directors, analysts, investors, and business partners.

Readiness Review

Our readiness review ensures your controls will be effective and in place during the SOC reporting period. We’ll analyze any weaknesses of current controls and provide recommendations for you to correct these weaknesses prior to starting an actual SOC engagement.