SOC Report Review
As outsourcing trends upwards and technology continues to change at a breakneck pace, reporting on internal control is becoming more prevalent. In fact, for a growing service organization—whether a technology provider, financial services corporation, healthcare company, or professional services firm— a SOC report request will needed. What is a SOC Report? SOC reports are a way for companies to verify, via independent third-party assurance, that service providers have appropriate controls in place and are following industry standards before outsourcing a business function to that organization. They afford service providers the opportunity to establish credibility and build trust with customers, investors, business partners, and auditors, while gaining a competitive advantage in the marketplace.
