SOC1/SOC2 Auditors play a key role in the SOC report attestation. System and Organization Control Reports also known as SOC Reports provide details about an organization’s internal controls based on the standard requirements and applicable Trust Service Criteria (TSC). They are reports which are governed by the American Institute of Certified Public Accountants (AICPA) that focuses on ensuring that the controls implemented by the Service Organizations are effective and secures data.
For organizations to comply with SOC and achieve a SOC1 or a SOC2 audit report are required to go through an audit that evaluates the organization’s controls against the applicable standard or Trust Service Criteria. This audit is conducted by a SOC1/SOC2 Auditor who will then based on the findings provide a detailed report outlining how the organization has implemented security controls and whether or not the organization can achieve SOC1 or SOC2 Compliance.
Emerging technology and growing trends of outsourcing critical business operations to third-parties have greatly exposed businesses to Cyber Security threats and Compliance Risks.
With this, global regulatory bodies have started placing great emphasis on Cyber Security and Compliance for businesses.
The AICPA Attestation Standards require CPA firms to enter the Cyber Security space for auditing and helping businesses establish strong and effective internal controls over financial and non-financial reporting of Service Organizations.Having said that, in today’s article we have explained why a Service Organization needs a CPA firm for SOC Attestation.
The article explains the role of a CPA firm in the SOC Audit and Attestation process of a Service Organization.
So, before getting into the details, let us first start by understanding who is a CPA.
SOAR, a revolution for Cybersecurity Security Orchestration Automation and Response (SOAR) enables companies to collect data from various business sources and quickly respond to security operations from a single system.
It allows different solutions to integrate with each other and helps in automating tasks with workflows.
It helps to address global cybersecurity challenges for companies to protect their data from security breaches.
It is provided with emerging breakthrough technologies to make security operations more efficient by orchestrating and automating security tasks.
It helps in reducing the time required to manage an incident and in sending timely and accurate responses to detect the threat.
It is important to get reports and alerts on security incidents in real-time to avoid any security disaster and take proactive action to prevent any attack.
