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Assurance / Service Audits | Audit Firms
Think about famous partnerships in history.
Did you know that, though its current official length is 5,500 miles, the Great Wall of China is estimated to have originally been 13,170 miles long?
SOC 2 | SOC Reports | SOC 1 | Remediation
Former President John F. Kennedy once said that “an error does not become a mistake until you refuse to correct it.”
SOC 2 | SOC | SOC Reports | SOC 1
Matters of opinion can be pretty contentious.
Why would a financial services company need a SOC 1?
Why should service organizations of all sizes need a Service Organization Controls (SOC) Report? The AICPA explained it well that “Service Organization Controls (SOC) reports are designed to help service organizations, organizations that operate information systems and provide information system services to other entities, build trust and confidence in their service delivery processes and controls through a report by an independent Certified Public Accountant.” Most times, SOC reports are performed at the request of a client of your organization since your services impact material areas of their internal controls or they stipulate this as part of the contractual agreement.