SOC Reports for Service Organizations
Businesses today operate in a complex environment of interdependent relationships with other organizations. The services and support that your company provides to its business partners is critical to help them operate efficiently and effectively, and each of your partners depend on you to be an integral part of their business.
SOC reports provide insightful information and independent assurance related to the design and operating effectiveness of internal controls at your organization. By obtaining a SOC report, you can promote the integrity of your business operations and technology environment in support of more effective partnerships with your customers.
Bennett Thrasher can assist you in selecting the type of SOC report that would most benefit your customers, as well as help you prepare for and undergo the related SOC examination process conducted in accordance with SSAE 18. Our primary service offerings include:
- SOC 1 examinations – Attestations providing a SOC 1 report relevant to internal control over financial reporting intended to be used by your customers and the auditors of your customers’ financial statements.
- SOC 2 examinations – Attestations providing a SOC 2 report related to the security, availability and processing integrity of the systems used to process your customers’ data and the confidentiality and privacy of the information processed by these systems.
SOC Readiness Assessments
Bennett Thrasher’s professionals can help you better understand SOC reports and the related examination process to assist you in providing information about your control environment to your stakeholders. We understand risk management, internal control and compliance, and we will help you meet your SOC reporting needs through a transparent consultative review process. Our SOC readiness assessments are designed to ensure that you are well prepared for a SOC examination that is applicable to your needs, and provide you with meaningful recommendations that enhance your business processes and technology environment.
Whether you are contemplating the need for a SOC examination or have already undergone a SOC examination with an existing service provider with limited value, contact Mike Hostinsky for a consultation by calling 770.396.2200.