In the context of performing a System and Organization Control (SOC) audit, questions arise as to what are internal controls and what are the types of internal controls. Auditors often take it for granted that everyone knows and agrees on the definitions of internal controls. We wish it were so. Let’s go over the most […]
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?
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: