A Third Party Administrator (TPA) is a service organization that provides a variety of services to the insurance industry in accordance with a service agreement.
Tag: SSAE 16
Need a SOC Report? How To Know Which One Is Best For Your Service Organization
A SOC (System and Organization Controls) report is a report on controls at a service organization related to various types of subject matter, for example: controls that affect user entities’ financial reporting; controls that affect the security, availability, and processing integrity of the systems; or the confidentiality or privacy of the information processed for user entities’ clients.
Findings/Issues in SOC Reports. What Can the Impact Be?
At Linford & Company we perform many SOC 1 (f. SSAE 16) and SOC 2 engagements.
The Advantages of Hiring a Small Firm for Your SOC Audit
At Linford & Company, we fully understand that there are all sizes of companies that complete the kind of audits we do, which include SOC 1 (f. SSAE 16), SOC 2, HIPAA and royalty audits.
Top 5 Reasons to Get an SSAE 16 / SOC 1 Report
So, you have a current customer or client asking whether you have completed a SOC examination.
How long does a SOC examination take and when should a service organization have the work complete?
We get asked all the time how long it takes to complete a SOC [SOC 1 (f. SSAE 16) or SOC 2] examination.
SOC Readiness Assessments
Linford & Company specializes in helping service organizations go through their Service Organization Control (SOC) review the first time.
Are SOC 1/SSAE 16s and SOC 2s Certifications?
There is no such thing as a SOC or SSAE 16 (known as SOC 1, which is the marketing name for the standard) certification.
Not all SOC Reports are Created Equal
Unfortunately, not all SOC reports or SOC audit firms are created equal. Here are some tips to ensure that your SOC report and the firm performing your SOC examination is up to par. Confirm your firm is licensed – One day we received a call from one of our clients telling us that our fees […]
Testing Procedures and Results During a Type II SOC 1 or SOC 2 Engagement
Type II engagements (for both SOC 1s and SOC 2s) 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 during the period under review.