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Blog

The Schellman Blog

Stay up to date with the latest compliance news from the Schellman blog.

Blog Feature

SOC Examinations

By: COLLIN VARNER
January 18th, 2024

When pursuing a SOC 2 examination, a popular first step for many organizations—particularly those just stepping into the world of compliance for the first time—is the SOC 2 readiness assessment. But for those first-timers who don’t know what to expect from such a process, it might help to have a primer.

Blog Feature

SOC Examinations

By: Adam Russell
October 5th, 2023

Internal Audit (IA) and Governance, Risk, and Compliance (GRC) professionals are often charged with reading SOC reports from service providers to gain an understanding of each vendor’s controls, but many may not know how you can also use these reports to also enhance, mature, and drive their own audit and governance functions.

Blog Feature

SOC Examinations

By: Molly Rudar
September 5th, 2023

Though the timeline of a completed report varies greatly based on numerous factors within your organization, a SOC 1 examination generally always moves through the same three phases of planning and preparation, fieldwork, and reporting stages.

Blog Feature

SOC Examinations | Artificial Intelligence

By: Schellman
August 22nd, 2023

Now that artificial intelligence (AI) has more fully engrained itself into the digital world and economy, it makes sense that the American Institute of Certified Public Accountants (AICPA)—as the organization that sets the most recognized auditing standards in the U.S.—would have an opinion on AI use, particularly in terms of the possibility of related SOC-compliance issues.

Blog Feature

News | SOC Examinations

By: Schellman
August 15th, 2023

TAMPA, Fla.--(BUSINESS WIRE)--Schellman & Company, LLC, a leading provider of attestation and compliance services and top 50 CPA firm, is pleased to announce the successful carve-out of Cohen & Company's System and Organization Controls (SOC) Practice. In this transaction, Cohen & Company’s SOC practice, including select personnel, will transition to Schellman. This strategic relationship is a testament to the outstanding values and focus on company culture, quality, and client service the two firms mutually share.

Blog Feature

SOC Examinations

By: Vinnie Minosky
June 21st, 2023

While in school, did you ever have a professor that would sneakily test on obscure materials? You could read the textbooks, but that material you assumed would be the bulk of an exam wasn’t mentioned—instead, your test questions were focused on the footnotes or some other material you weren’t aware of or clearly alerted to review beforehand.

Blog Feature

SOC Examinations

By: Jonalea Gaalema
April 27th, 2023

“What am I looking at here?” Tony Montana asks George Sheffield that question during the classic gangster film Scarface after being arrested for tax evasion. Theoretically, Tony knows what he’s up against, but he wants his lawyer to be specific and explicit, so he knows exactly.

Blog Feature

Healthcare Assessments | SOC Examinations

By: DOUG KANNEY
January 26th, 2023

Prolific and unique musician MF Doom once said, “I'm always trying to show versatility. I'm juggling, and I'm flipping fire, and I'm chewing gum and rhyming at the same time... on a unicycle, while playing the drums.”

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