Are you new to the SOC reporting process? Auditwerx isn’t. Our vast experience combined with a unique “hands on” preparation method limits guesswork and helps you to efficiently prepare for the SOC reporting process – saving you time and money!
The key to completing a SOC report that will be useful to your clients is for the auditor to thoroughly understand your company’s array of service offered, and more importantly, those that are subject to the SOC examination. A SOC report should not be a one size fits all attestation. This phase of the readiness assessment narrows the focus of this process and increases efficiencies in our questions and testing, which means less time is required from your valuable staff.
Once the “in-scope” services are determined, the next step is to clarify both the processes and systems that support those services in order to establish the system boundaries and what is included in the SOC report. This step further narrows the focus and spotlights only those critical areas that are important to the in scope control environment while eliminating information not applicable to the scope of the report.
Once the in-scope services, processes and systems are established, the next step is pinpointing key controls and, even more importantly, any control gaps. Control gaps consist of either controls that are not in-place (and should be) or controls that are ineffective. Identifying control gaps is critical because those gaps will need remediation. The “fix” could include a variety of things such as a new control or simply maintaining audit evidence like log files that are often purged but will need to be maintained over the reporting period.
A high-quality partner understands that no two organizations are alike. Consequently, each organization has a different set of services and internal processes. A partner should take the time to understand the intricacies of an organization so that it delivers not only a trustworthy report, but also one that directly addresses the organizations qualities in its proposed solutions.
A high degree of subject matter expertise is required to understand, test, and report what matters most to the report’s users – simultaneously ensuring that the reporting process is both effective and efficient. This ensures that your finished report contains exactly the information your clients need – saving you time and money.
Working with an experienced partner reduces the risk of wasting valuable resources or producing an unreliable report. A high-quality partner has in-depth expertise in efficiently conducting the examination. It also has a wide range of industry knowledge. Because of its efficiency, the experienced partner saves organizations time and resources.
Auditwerx is a specialty Certified Public Accountant firm headquartered in Tampa, Florida. We have served clients throughout the U.S. and Canada since 2005. Auditwerx strives to provide value to our clients and set the standard for the industry.
We have provided more than 2,500 service organization control audits to our clients through the years. To many of our clients, we are considered trusted business advisors, offering guidance and expertise in corporate governance and operational and information technology (IT) control strategies.