I’ll be the first to admit that buzzwords like “information security governance,” “cyber security organizational structure,” and “information security organizational structure” can sound like trendy but otherwise meaningless concepts. My goal is to explain what information security governance is in a way that helps you not only understand the goals of information security governance, but […]
Of all the day-to-day priorities and to-do’s, worrying about audit risk probably has not risen to the top of your list. Should it? Maybe “out of sight, out of mind” is a better approach? It seems like a boring thing to think about, and you probably have more pressing matters on your mind. While this […]
NIST 800-53, ISO 27001, PCI, HITRUST, HIPAA, SOC 1, SOC 2, GDPR, CCPA…who needs another compliance framework? It’s an acronym soup, and who can keep them all straight anyway? I’m here to make the case that you may just have room for one more – the NIST Cybersecurity Framework (CSF), particularly if you’re seeking SOC […]
“What are the responsibilities of management and the auditor in relation to internal control?” is a question we often hear from our clients and potential clients. We’ve talked a lot about what the auditor’s responsibilities are in an audit, but what about company management’s responsibilities in an audit? If you sign up for a SOC […]
Many U.S. companies receive what, until recently, were called SAS 70 audit reports from certain types of vendors. These reports come out once a year, typically in the late Fall. While most organizations do a good job of recognizing the need to request these reports, often they are not properly reviewed and evaluated when received. So, what do you do with the report once it has been received other than give it the internal and external auditors?
Most people have some degree of familiarity with contracts, but the nuances of contractual requirements related to an audit engagement are not always understood. If you are looking to engage an auditor, or if you have an existing engagement letter with an auditor, it is important to understand these nuances and the requirements for audit […]
You just received the draft SOC 1 or SOC 2 report from your auditor and as you’re scrolling through the opinion, you notice a reference to “Inherent Limitations.” Inherent Limitations? Is your SOC report suggesting your controls are inadequate? Your auditor is not telling the world you have weak controls; however, every auditor opinion will reference […]
In performing SOC audits for Linford & CO, the clear majority of organizations do a great job providing reasonable assurance they are meeting all their controls. But I wanted to hit on a list of seven common mistakes that seem to pop up to hopefully help your organization identify them before they become