Obtaining a SOC 2 report requires an investment of both time and money for a service organization and, at some point, might seem like more work than it’s worth. However, the advantages to obtaining a SOC 2 report far outweigh the initial investment.
The client/auditor relationship is unique and strange. Basically, your organization is paying someone to look at your highly confidential information (e.g. financials, systems, processes, and controls) to provide an opinion on that information. I’m sure you’re already aware, but the opinion is not meant for the client, but rather for the readers of the audit […]