Looking for

An Experienced Auditor

With a lot of experience in audit, hiring us will become a proper solution for your business!

250

Trusted Clients

Awards

Years of Experience

Experts

Phase-1

Kick off Deck
Project plan (Timelines and detailed deliverables based on identified objectives)

Phase-2

Performing gap analysis for identified objectives and also SOC controls and risks. Provide solution for identified gaps

Phase-4

Perform testing and share final issue log

Let’s start by connecting

CASE STUDIES

This Stream includes all of our Case Studies Flipbooks

SOC Audit Case Study for a Payroll Process

This query has been heard many times by different organization that -What is SOC 1 report?

View Case Study
ABC Ltd - SOC 2 Readiness Assessment Case Study

ABC Ltd provides hosted platforms services using secure and reliable cloud technologies.ABC contacted the Accorp Partners in July 2020 as ABC had been asked by one of their US clients to undergo a SOC 2 Type 1 audit in line with the AICPA Trust Services Criteria. The AICPA Trust Services Criteria and the subsequent audit examines and reports on controls at a service organization relevant to security, availability, processing integrity, confidentiality and privacy.

View Case Study
Iron Mountain Uses a Single Assessor for Agile Expansion

View Case Study
Complete Discovery Source: Differentiates Business With ISO 27001 Certification

View Case Study
LITIGATION POWERHOUSE SHOOK, HARDY & BACON

View Case Study
Solidifying The Patient Experience

View Case Study

FAQ Related to SOC 2

SOC 1 financial reporting controls

Financial services – Custodial services
Healthcare claims processing
Payroll processing
Payment Processing

Cloud ERP service
Data center colocation
IT systems management

SOC 2/SOC 3 operational controls

Enterprise cloud e-mail
Cloud collaboration
Software-as-a-service-(SaaS)- based HR services
SaaS enterprise system housing third-party data
Any service where topics such as security, availability, and privacy are areas of concern

Domain	Trust Services Principle	Applicability
Security	Under this Trust service principle, the SOC scoped IT system and Business services are protected against unauthorized access that addresses physical and logical both ways of access.	Most commonly requested area of coverage Security Criteria are also incorporated into the other Principles because security controls provide a foundation for the other domains Applicable to all outsourced environments, particularly where enterprise users require assurance regarding the service provider’s security controls for any system, nonfinancial or financial
Availability	This trust service principle ensure that the IT and Business system should be available for operation and provide services as committed or agreed with the client and respected stake holders.	Second most commonly requested area of coverage, particularly where disaster recovery is provided as part of the standard service offering Most applicable where enterprise users require assurance regarding processes to achieve system availability SLAs as well as disaster recovery which cannot be covered as part of SAS 70 or SOC 1 reports
Confidentiality	This trust service principle addresses that the Information which are designated as confidential should be protected adequately as committed or agreed by the stakeholders.	Most applicable where the user requires additional assurance regarding the service provider’s practices for protecting sensitive business information
Processing Integrity	This trust service principle addresses that the System processing is complete, accurate, timely and authorized.	Potentially applicable for a wide variety of non- financial, and financial scenarios wherever assurance is required as to the completeness, accuracy, timeliness, and authorization of system processing
Privacy	This trust service principle ensures that the Personal information is adequately collected, stored, used, disclosed and purged in compliance with the commitments as per the user entity’s privacy notice and by setting up a criterion set forth in normally accepted privacy principles in accordance with AICPA.	Most applicable where the service provider interacts directly with end users, and gathers their personal information Provides a strong mechanism for demonstrating the effectiveness of controls for a privacy program

Audit Preparation	Audit
Define audit scope, and overall project time line	Provide overall project plan
Identify existing or required controls through discussions with management, and review of available documentation	Complete advance data collection before on-site work to accelerate the audit process
Perform readiness review to identify gaps requiring management attention	Conduct on-site meetings, and testing
Communicate prioritized recommendations to address any identified gaps	Complete off-site analysis of collected information
Hold working sessions to discuss alternatives, and remediation plans	Conduct weekly reporting of project status, and any identified issues
Verify that gaps have been closed before beginning the formal audit phase	Provide a draft report for management review, and electronic, and hard copies of the final report
Determine the most effective audit, and reporting approach to address the service provider’s external requirements	Provide an internal report for management containing any overall observations, and recommendations for consideration

A SOC 2 Type 1 audit is an audit report containing procedures and controls prepared at a particular point of time. It is generally the design of controls report which evaluates the design on controls put into operations at a point of time. A SOC 2 Type 2 audit reports audits the operating effectiveness of the controls throughout a declared time period, between 6 months and one year. It provides the highest level of assurance to all customers and clients.

SOC 2 preparation usually happens in a few stages. First, your company should identify all “key systems” and perform a gap analysis against all requirements documented in the Trust Services Principles and Criteria. Next, existing security controls should be identified and policies and procedures should be written to meet all requirements. This can take anywhere from a few weeks to up to 6 months, depending on the size and maturity of your company. At this point you are ready for the SOC 1 Type I audit. A SOC 2 Type II audit is typically performed 6 months later.

Traditional SAS 70	SOC 1	SOC 2	SOC 3
Auditor’s Opinion	Auditor’s Opinion	Auditor’s Opinion	Auditor’s Opinion
-	Auditor’s Opinion	Management Assertion	Management Assertion
Assertion System Description (including controls)	System Description (including controls)	System Description (including controls)	System Description (including controls)
Control objectives	Control objectives	Criteria	Criteria (referenced)
Control activities	Control activities	Control activities	-
Tests of operating effectiveness	Tests of operating effectiveness	Tests of operating effectiveness	-
Results of tests	Results of tests	Results of tests	-
Other Information (if applicable)	Other Information (if applicable)	Other Information (if applicable)	-

Featured Resources

SOC Reporting and COVID 19

COVID-19, the most buzzed word these days, a virus that has not only impacted health of the humans but has also affected

SOC (USA) and ISAE (UK) Attestation standards

Usually, when you look out to get an independent controls attestation for your organization by a third party service auditor,

SOC 2 vs ISO 27001 Audit

As we talk about the two auditing standards, we should keep in mind that both are information security standards and involve an external audit performed with an intent of keeping your and client’s data safe

Understanding a SOC Report

In current scenario of emerging technologies, most of the organizations outsource few aspects of their business to vendors

History of SOC reporting

This blog helps you understand the history and background of SOC reporting and a brief overview of how it came into existence and evolved as a way of addressing risks associated with outsourcing services.

Advantages of SOC Reporting

In today’s world, you would hardly find an organization that does not outsource at least one function or component of their control environment to a third-party service provider.

Do You Need a SOC Audit? Three Tips for Determining Your Reporting Needs

In recent years regulators have transitioned toward control reporting standards that are more specific to the service offering provided by the service organization.

What is SOC 2 ? Expert Advice you need to know

In this article, we will cover some common questions that come up related to SOC 2 reports. SOC 2 compliance does not have to be difficult although with some of the terminology,

The Persisting Challenges of SOC 2 Reporting

Information technology plays an important role in day to day functioning of organisations and in light of recent COVID-19 situation, resilient IT structure proved helpful to carry out basic business operations in IT and service industry.

SOC 1 Report

This query has been heard many times that -What is SOC 1 report? and from more than 20 years it has been trend by many organizations to outsource certain activities or business process to other organizations,

Who can perform a SOC Audit?

As the requirement to receive SOC 1 or SOC 2 reports as part of a contract, request for proposal (RFP), or security program increases as a barrier to receiving major clients,

SOC 1 vs SOC 2

A SOC 1 (Service Organization Control 1) report gives your company’s user entities some assurance that their financial information is being handled safely and securely.

SOC report

SOC 1

SOC 2

SOC 2+

SOC 3

AICPA Trust Services Criteria 2018 FREE Download

Click on the link below to for a FREE Download the latest version of the AICPA Trust Services Criteria.

our team

Sample Report

Dashboard

Project plan

How SOC reporting can help

Obtaining a SOC report differentiates the service organization from its peers by demonstrating the establishment of effectively designed internal corporate governance and oversight.

Meeting client need and expectations
Managing cost
Improving your business
Meet contractual obligations and marketplace concerns through flexible, customized reporting
Proactively address risks across your organization
Increase trust and transparency to internal and external stakeholders

How Accorp Partners will Assist you in SOC Compliance

The Accorp Partners Service Organization Control (SOC) compliance service provides a wide range of assurance services in the form of SOC 1 Type I Type II report, SOC 2 Type I & Type II report and SOC 3 reports which broadly cover trust and transparency issues by incorporating risk management. We provide financial and nonfinancial reporting options to service organizations and the organizations can go with any of the SOC attestation and reports as per their organization’s objectives and their user entity’s objective and we also ensure that the organization would implement the right set of business and IT controls and convey correct information to user entity and their stakeholders which enhance the organizations Governance and monitoring standard.

Accorp has a team of professionals who has rich expertise in almost all Business and IT processes and can bring insight to the reporting process. Additionally, a skilled and independent auditor will assist your company in navigating the challenges and complexities of SOC reporting and attestation .

Conducting a readiness gap assessment by using the organization specific relevant SOC framework and their client objectives. With the result of readiness assessment, we provide recommendations for remediation of potential gaps.
Prepare a SOC report which organizations can share with their clients, or other stakeholders, to provide transparency into the implemented IT controls and effectiveness Business environment.
Prepare a customized SOC report which can meets specific client or industry requirements, like SOC 2+ for the payment processing industry, GDPR or HIPPA.

How SOC reporting can help

Obtaining a SOC report differentiates the service organization from its peers by demonstrating the establishment of effectively designed internal corporate governance and oversight.

Meeting client need and expectations
Managing cost
Improving your business
Meet contractual obligations and marketplace concerns through flexible, customized reporting
Proactively address risks across your organization
Increase trust and transparency to internal and external stakeholders

How Accorp Partners will Assist you in SOC Compliance

Conducting a readiness gap assessment by using the organization specific relevant SOC framework and their client objectives. With the result of readiness assessment, we provide recommendations for remediation of potential gaps.
Prepare a SOC report which organizations can share with their clients, or other stakeholders, to provide transparency into the implemented IT controls and effectiveness Business environment.
Prepare a customized SOC report which can meets specific client or industry requirements, like SOC 2+ for the payment processing industry, GDPR or HIPPA.