Service organizations like yours have a responsibility to each of your clients. A SOC* report can help your company fulfill specific client inquiries and requests regarding the safeguards around your sensitive business practices. You may be wondering how to properly prepare for a SOC* assessment.
6 Tips to Prepare for a SOC* Assessment
- Determine Your Reporting Objectives – What does your user entity what to learn from your SOC* assessment? Determining what information is needed, will help narrow down the type of report required.
- Determine the Scope of Your Assessment – The scope of your assessment will vary based on the type of report your company needs to provide, for instance, a SOC 1®* report may involve transaction processing, while a SOC 2®* assessment might focus on infrastructure or software procedures, among other considerations.
- Address Compliance Concerns – Your compliance concerns are dictated by the industries you service and any relevant local, state or federal regulations. A trusted partner can help you address any gaps in your compliance practices.
- Write out Policies and Procedures – Your assessment firm uses your written rules and policies as a standard during your SOC* assessment. It’s important to make sure that you have clear and definable procedures in place. Having written policies and procedures as reference for your employees can help ensure that compliance expectations are met, and help avoid penalties for non-compliance.
- Complete a Readiness Assessment – Think of a SOC* readiness assessment as a warm up for the real deal. This is a helpful tool to determine your preparedness for your upcoming SOC* assessment. Your trusted assessment firm can help you complete a readiness assessment and sort out any potential hang-ups ahead of time.
- Hire a Trusted Firm – A trusted firm, like Auditwerx, will help guide you through the assessment process. They can also help with preparing your company for your report to ensure the best results.
SOC* Experience You Can Rely On
Our skilled and experienced staff have the knowledge you need to ensure that your business remains complaint with the latest standards. To learn more about how we can assist service organizations like yours, contact us to start a conversation today!
