Built around your business, backed by faith & trust
Stand out from the competition with an evaluation of your controls, designed to demonstrate credibility, inspire customer confidence and ensure your client data is well-protected.
How We Help
Like any business, service organizations are under increasing pressure from their customers to differentiate themselves. If you are a service company, engaging in a Systems & Organization Controls (SOC) report offers a competitive advantage, giving your customers confidence about governance and criteria in place to address any threats or risks. Every organization has unique risks, controls, and client expectations, which means your SOC report should reflect more than a template approach. We offer a hands-on consultation to evaluate SOC readiness and continued personalization in building this report with you, ensuring your report provides not only compliance, but real value to your customers and helps support a more sophisticated perspective on risk advisory strategy. Our team is led by a Certified Information Technology Professional (CITP) partner, ensuring you receive valuable expertise in the rapidly evolving technology landscape, including key areas such as cybersecurity, business intelligence and data analytics.
What We Offer
We offer three levels of SOC Reporting
SOC 1
Designed to meet the needs of your customers and their auditors in order to evaluate the integrity of your internal controls on their financial statements.
SOC 2
Provides your customers an assurance of your internal controls over the customer data you maintain. Specifically, it provides a user a detailed understanding of your internal controls that relate to data security, availability, processing integrity, confidentiality and privacy.
SOC 3
A general use report offering the user much less detailed reporting of your internal controls related to data security, availability, processing integrity, confidentiality and privacy.
FAQs
Your Questions, Answered
How do I know which SOC Report is right for my business?
At BS&P, our team takes time upfront to understand your business so that we can guide you towards the report that best aligns with your goals, clients, and industry requirements. We don’t have a one size fits all strategy because we know that no two businesses are alike so we partner with you to accommodate your needs and budget.
How does SOC Reporting benefit my business?
Our clients experience a range of important benefits in choosing SOC reporting. This gives you assurance that your customer data is effectively safeguarded, improving risk management and control. You are implementing best practices and elevated industry standards, giving you a competitive advantage you can readily share. This leads to higher client acquisition and retention rates over time.
How is Risk Advisory different from an audit or SOC Report?
SOC Reporting is an independent audit that evaluates a company’s internal controls. It is especially critical if you are a service company or doing business with a third party provider, where you may have increased risk exposure. SOC reporting evaluates whether you have the optimal controls in place to address any threats or risks and engaging in one provides your customers and stakeholders with higher trust and confidence in your work. Risk advisory is a macro assessment of a company’s risk management and governance controls. SOC reports are a helpful component in assessing risk, identifying gaps and moving towards more sophisticated risk management strategies.
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Ready to get started on your SOC Report?