We hear this question all the time from new clients and prospects. How long will it take for us to prepare the required documentation for a SOC report?
What are the different types of internal controls noted in a SOC audit? There are basically four main types of internal controls that service organizations and their service auditors should be concerned with, which are namely: manual controls, IT dependent manual controls, application controls, and IT general controls. Of course there are innumerable variations on […]
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.
It is easy to feel overwhelmed by all of the terminology surrounding an audit. Here is a list of frequently used terms and their meanings: