Third party organisations that successfully complete a SOC 2 audit can offer their clients reasonable assurance that an independent reviewer has assessed their controls that relate to operations and compliance; and they meet the criteria prescribed by AICPA for the five TSCs. The report helps to prioritise risks in order to ensure that high quality [...]
Enhanced SOC 2 reports are highly flexible tools that can incorporate multiple frameworks and industry standards into third-party assurance reporting. For Outsourced Service Providers (OSP’s), the benefits are even more significant. Consider that these businesses must often respond annually to hundreds of individual audit requests, customer questionnaires, and requests for proposals. Many of these requests [...]
When considering the broad spectrum of services provided by outsourced service providers in today’s marketplace, some service types lend themselves clearly to one SOC reporting option over another. To best understand the reporting options, it’s important to consider the intended use and audience in each case. There are three SOC reporting options currently available in [...]
