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What is SOC 2 Consulting & Audit



WHAT IS A SOC 2 AUDIT?

A SOC 2 audit evaluates internal controls, policies, and procedures that directly relate to the AICPA’s Trust Services Criteria (TSC).


What are the SOC 2 Trust Services Criteria (TSC)?

SOC 2 has 5 Trust principles :-

i. Security

ii. Availability

iii. Processing Integrity

iv. Confidentiality

v. Privacy



WHAT IS IN A SOC 2 AUDIT REPORT?

A SOC 2 audit report is designed to provide assurance to service organizations’ clients, management and user entities about the suitability and effectiveness of the service organization’s controls that are relevant to security, availability, processing integrity, confidentiality and/or privacy.



There are two types of SOC 2 audits and reports:

Type 1 – An audit and report which basically evaluates the Test of Design (ToD) of the processes in place in the organization without getting into testing the effectiveness of the controls.

Type 2 – An audit and report which checks not only the ToD but also assesses the effectiveness of the controls over a period of time - usually a minimum of six months.



A SOC 2 audit report includes:

An opinion letter

Management assertion

A detailed description of the system or service

Details of the selected trust services categories

Tests of controls and the results of testing; and

Optional additional information


It also specifies whether the service organisation complies with the AICPA TSC.



PROJECT PHASES

Our structured approach helps us to easily determine the applicable list of risks and controls that are required to achieve SOC 2 attestation. This ensures that your organisation has adequate ‘internal controls’ over applicable security criteria, to assure any Certified Public Accountant (CPA) for issuance of SOC 2 reports.



BENEFITS OF A SOC 2 AUDIT

Provides a recognized attestation of the effectiveness of your organization’s controls relating to security, availability, confidentiality, processing integrity and privacy.

Is tailored to your organization’s core business objectives and requirements.

Establishes trust with clients, investors and the board of directors by providing an independent audit.

Identifies and corrects inefficiencies.

Expands your business capabilities to the public sector.

Provides transparency into how your organisation controls and manages risk.

Reduces overall organizational and cyber risk.

Improves cyber resilience.

Lowers the cost of cyber insurance premiums.

Reduces impact and response times from incidents.


About Rede Consulting Services - Security Managed Services.

We are proud to exclusively focused ServiceNow Security, Compliance and Automation company, supplying highly-skilled technology, change and engineering talent to clients within a range of specialist sectors across APJ and EMEA.


For details, kindly contact us at info@rede-consulting.com or visit our business page at www.rede-consulting.com

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Your ServiceNow Security, Compliance & Hyper Automation Specialist

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