Type II SOC engagements (for both SOC 1 audits and SOC 2 audits) require walkthroughs and testing of the controls in place at the service organization to be able to opine on the suitability of the design and the operating effectiveness of controls during the period under review. Each control objective or criteria has a […]
Containers and the concept of containerization has been growing rapidly over the past few years, and many organizations are struggling to keep up with the new technology and keeping their systems secure. If you and your organization are considering trying to use or moving to containers, many of your current security processes and procedures will […]
Clients will often ask why we complexify certain types of audit procedures.
There is no such thing as a SOC or SSAE 16 (known as SOC 1, which is the marketing name for the standard) certification.
There are five Trust Service Principles (TSPs) that can be included in the scope of a SOC 2 examination.
In completing SOC 1 and SOC 2 examinations (and most other types of audits), there is testing involved to determine the operating effectiveness of controls. There are different types of tests that can be applied to testing controls (for more information on the five types of tests refer to our article, Five Types of Testing Methods […]
In its simplest form, a royalty audit is a financial inspection that determines whether a licensee (user of a patent/license/franchise) is paying the licensor (owner of the patent/license/franchise) the correct amount of royalty fees.
Many of our clients and prospects get asked for a “SOC report” without any further clarification. Also, many get asked for a SOC 1 and a SOC 2… so how do they know what they need? Do they need both? Just one? We get these questions all the time, and with a quick conversation, we […]
The Trust Services Criteria (TSC) were developed by the AICPA Assurance Services Executive Committee (ASEC). The available TSCs for a SOC 2 audit include: Security (also known as common criteria). This is the only required TSC and is included to demonstrate that systems at a service organization are protected against unauthorized access and other risks […]
The available Trust Services Criteria (TSC) as defined by the American Institute of Certified Public Accountants (AICPA) that are options to be included in a SOC 2 audit are the following: Security (also known as common criteria). Information and systems are protected against unauthorized access, unauthorized disclosure of information, and damage to systems that could […]