Chances are, if you know anything about our space program, you know that when we send a manned mission beyond our atmosphere, those astronauts remain in constant communication with their fellows back at Mission Control.
Our Story Many who know me have also probably met my two-year-old twins, Everly and Porter (a girl and a boy). Over this past year, many others have probably witnessed my kids charging into my office to make several, mostly surprise, appearances during Zoom happy hours and client meetings. But what most do not know, however, are the struggles my wife, Brittany, and I went through on our journey to have them. How we got to this point with two happy, healthy children is not a short story or answer—as anyone affected knows, infertility can create so many hardships for couples, and I hope that this blog and our fundraising campaign detailed below will shed some light on the widespread impact it really can have.
With the rising popularity of compliance efforts today driven by factors such as customer demands, regulatory requirements, and/or a company’s willingness to demonstrate their internal control environment to external parties, the question often arises as to which compliance undertaking is the most beneficial for organizations to undergo. Lately, we’ve noticed a large surge in both our SOC 2 and ISO 27001 service lines, but which is the better for your organization? To begin to tackle this question, it’s important to first get some background information on both SOC 2 and ISO 27001 to understand their differences, similarities, and how they could potentially complement each other.
Service Organization Controls (SOC) reports help companies establish trust and confidence in their service delivery processes and controls. The reports are administered by an independent third party that must be a certified public accountant (CPA). The process of choosing the correct report among the three can be confusing task. That’s why we’ve broken it down for you, to help with your decision process.
When conducting an audit, an auditor must obtain an understanding of a client’s internal control environment, including the use, applicability and nature of any manual and automated controls, in order to design appropriate procedures to test such controls.
During the course of an audit, there are instances when findings can come to the auditor’s attention. If the finding is discovered prior to the report date (Type 1 reports) or end of the report period (Type 2 reports), a client will have the opportunity to remediate the finding.
From a compliance standpoint, documented policies and procedures are very important and can sometimes be required, depending on the scope of services Schellman is providing.
The HIPAA Omnibus Rule which took effect on September 23, 2013, has led to the evolution of the HIPAA Compliance environment. Now more than ever it is important to understand what the security and privacy obligations are of a business associate (BA) or a subcontractor of a BA. BA’s are now mandated to comply with the HIPAA Privacy and Security rule requirements. Below are some high level requirements that BA’s need to be aware of when assessing their compliance environment: