How to Choose a SOC 2 Audit Firm

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There are a number of considerations when choosing an auditor or assessor for your organization’s SOC 2 report. If you’re feeling overwhelmed, and aren’t sure where to start, we have 4 key points that you’ll want to examine when it’s time to choose a SOC 2 audit firm.

  1. Credentials: SOC 2 audits can only be performed by an independent Certified Public Accountant or affiliated firm. It’s important to ensure that your audit firm has all of the necessary qualifications to perform and release reports accordingly.
  2. Experience: It is important to review a firm’s experience and credentials before engaging them for a SOC 2 audit. Ask if they have completed similar audits and assessments in your space or industry. It’s important to know whether your auditing firm is familiar with the way that your industry operates, which can ease necessary processes with your team.
  3. Timeframe: If you are looking for a SOC 2 Type 2 assessment, it’s important to get an understanding of the firm’s general time frame and period of assessment when evaluating controls. This type of report requires that your organization’s internal controls be audited over a period of time, so it is a good idea to confirm this information ahead of time.
  4. Process: Evaluate how your prospective firm will manage the SOC 2 audit process. All auditors should have a designated process and scope for helping you through your SOC 2 audit. Your audit should also be conducted based on the most recent AICPA guidelines.

 

If your organization is in need of a qualified and experienced, SOC 2 audit firm, look no further than Auditwerx. We have completed over 2,500 service organization control audits since 2005. Many of our clients consider Auditwerx to be a trusted advisor, offering guidance in corporate governance and operational and information technology (IT) control strategies. Contact us to start simplifying SOC reporting today!

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