As one of the region’s largest providers of high-quality SOC reports, we have compiled a library of responses to the questions we are asked nearly every day. We’re happy to share our insights, questions include:
System and Organization Controls (SOC) reports, formerly Service Organization Control reports, are examinations provided by CPAs in connection with system-level controls of a service organization or entity-level controls at other organizations. These engagements are performed in accordance with Statement on Standards for Attestation Engagements (SSAE) No. 18, which is a professional standard promulgated by the American Institute of Certified Public Accountants (AICPA).
A SOC report is often requested by organizations (user entities) that receive significant services from a service organization and the user entities’ auditors (user auditors).
Obtaining a SOC 2 report differentiates the service organization from its peers by demonstrating the establishment of effectively designed internal corporate governance and oversight and allows customers, stakeholders – or both – to gain confidence and place trust in the service organization’s system.
Prior to undergoing a SOC examination, an organization should engage a CPA firm to perform a SOC Readiness Assessment. SOC Readiness Assessments are designed to assist organizations in assessing their preparedness for a SOC examination.
Schneider Downs employs a unique approach to SOC reports, integrating the expertise of information technology, internal audit and external audit professionals. By combining cross-disciplinary knowledge and project management expertise, we are able to effectively deliver on our clients' expectations. If you are interested in learning how we can assist your organization, please bet9平台游戏 to get started or learn more about our practice at 1060.vencorllc.com/soc .