SOC 2 reports on your organization’s internal controls as they relate to the AICPA Trust Services Criteria: Security, Availability, Processing Integrity, Confidentiality, and Privacy. The report provides you and your customers with assurance that your internal controls are designed correctly and operating effectively to meet your system objectives and service level commitments.
Completion of a SOC 2 audit can help you meet contractual obligations with existing customers and attract new customers by demonstrating your organization’s compliance with AICPA and COSO standards, which are considered the benchmark for internal controls in U.S. business. SOC 2 compliance differentiates your firm from your competitors and provides you with a competitive advantage in the marketplace.
SOC 2 also helps mature your internal controls and can help you manage organizational risk beyond what internal risk assessments and audits provide. SOC 2 audits can identify deficiencies in internal controls, pinpoint areas for improvement, and will strengthen your organization’s control environment and security posture.
With our strategic partner for Assurance Services, you experience a unique Audit Once, Report Many methodology, allowing us to leverage other audits completed on your organization as evidence to complete your SOC 2 audit. SOC 2 can also be combined with HITRUST/HIPAA, PCI-DSS, Cloud Security Alliance (STAR), NIST 800, NERC-SIP and other control frameworks and requirements based on your industry. This methodology streamlines communication and evidence collection to complete the audit as efficiently as possible.