SOC for Supply Chains reports on your organization’s internal controls as they relate to your supply chain system. The report helps you and you supply chain partners identify, assess, and manage the risks related to your system and provides your clients with confidence and trust they need to do business with you.
Completion of a SOC for Supply Chains 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 for Supply Chains compliance differentiates your firm from your competitors and provides you with a competitive advantage in the marketplace.
SOC for Supply Chains also helps mature your internal controls and can help you manage organizational supply chain risk beyond what internal risk assessments and audits provide. SOC for Supply Chain audits can identify deficiencies in supply chain internal controls, pinpoint areas for improvement, and will strengthen your supply chain system’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 for Supply Chains audit. This methodology streamlines communication and evidence collection to complete the audit as efficiently as possible.