Service Organization Control or SOC 1/2/3 audit & compliance reports are required for increased assurance over outsourced controls regarding security, availability, processing integrity, confidentiality and privacy. For organization that are managing critical systems, storing and processing private or confidential client information and/or processing transaction for multiple clients, such reports and audit process are the key parts.
SOC 1 Report, also called as ISAE 3402 Report, is developed to meet the requirement of financial statement audits, along with operations and compliance related to the same domain.
A SOC 2 Report focuses on one or more of the trust service principles that include security, availability, and processing along with integrity, confidentiality, and privacy. Type of report has some similarities to SOC 1 report that provides your clients with sufficient information like – Management Assertion, system description, tests performed by service auditor and test results to satisfy their assurance requirement.
SOC3 Report is generally distributed with the option of displaying a website record.
You will get some added benefits like Competitive advantage or necessity, increased internal assurance regarding security and related controls, reduced effort supporting client-specific security, questionnaires or audits, and above all proactive response to customer oversight of security, privacy, and data risks.
We have in-house team of dedicated professionals and experts, who are involved in providing you with SOC Type 1/2/3 audits & compliance services. We help you in recognizing and documenting your controls. This is ordinarily a significant part of management’s effort throughout the preparation of the first such report.
We are the global leader in delivering SOC 1, SOC 2, and SOC 3 report service. We have established a global accreditation process to help ensure consistency and quality in the delivery of attestation and assurance that include examinations and agree upon procedure for SOC 1/2/3 audits and compliance. We have a team of fully trained experts in the SOC examination, audit and compliance process through our network.