Utilizing SOC Examinations to Help with Vendor Management
You most likely selected the link to this blog to discover one of two things: 1) how to effectively manage vendor requirements via SOC reports or 2) what the SOC 1/SOC 2 examination...
Clearing Up The Confusion - Type 1 vs Type 2 and the Value Proposition
It may come as a bit of a surprise—maybe not—but there are actually two types of SOC reports. Upon examination, the service organization is responsible for specifying whether or not a...
As SSAE No. 18 is now effective as of May 1st, organizations and their customers will have uncertainty in what the new standard means and how it will affect their SOC 1 reports.
Not A Game of Eeny, Meeny, Miny, Moe: Do Data Centers Need a SOC 1 or SOC 2?
The first question many service organizations have when they begin the process of researching Service Organization Control (SOC) reports is: which SOC report(s) do they need? The American...
As SSAE No. 18 is now effective as of May 1st, organizations and their customers will have uncertainty in what the new standard means and how it will affect their SOC 1 reports.
More and more organizations are choosing to undergo SOC 2 examinations. To find out more about what’s driving this growth, Schellman conducted its own research.
Is your organization ready for a SOC 2 examination
Here are five steps to help successfully prepare:
1. Validate the Nature of the Request.
Does your client base understand the various SOC reporting options and what they are asking of...
What is the SOC 2?
At a high level a SOC 2 examination is a report on internal controls of a service organization related to the Trust Service Principles and Criteria (TSPs), which...
With the rising popularity of compliance efforts today driven by factors such as customer demands, regulatory requirements, and/or a company’s willingness to demonstrate their internal...
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