SOC lessons learned: Effectively communicating your control environment
As our clients manage new reporting standards, we have identified several lessons learned related to service organization controls (SOC) reports. When considering a future SOC report, there are several key variables to evaluate. If your organization has received a request to complete a SOC report, you must understand your customer’s needs in order to provide the appropriate information.
With the confusion of various SOC reports and which is appropriate, it is important to ask deeper questions to understand the required information. Read our article to learn more about the value of SOC reports, including satisfying demand for controls assurance and vendor audits. In addition, learn about preparing to complete a SOC report and how updates to the AICPA Principles and Criteria could impact future reports.