Build trust through independent verification of your data security and internal controls
Is your organization facing increasing demands from clients who want proof that your internal controls are effective? You’re not alone. As service organizations handle more sensitive customer data than ever before, your clients need assurance that their information is protected throughout its entire lifecycle—from collection and processing to storage and disposal.
When your customers choose to work with you, they’re entrusting you with their most valuable asset: their data. And in today’s business environment, that trust requires verification. Your clients want to see documented evidence that you have controls in place to protect their information.
Whether you’re a SaaS provider, data center, payroll processor, or any service organization handling customer data, you’re likely fielding requests for SOC reports. These inquiries can be time-consuming to address individually, and without an independent examination, you may be at a competitive disadvantage.
System and Organization Controls (SOC) reports provide independent verification of your internal controls. While not mandatory, these examination reports serve as powerful proof points that communicate to your clients—and prospects—that your systems are designed and operating effectively.
A SOC examination evaluates the controls within the systems you use to deliver services to your customers. This independent assessment, performed in accordance with AICPA standards, gives your stakeholders confidence in your operations and can help you:
Depending on your services and your customers’ needs, you’ll need to determine which type of SOC report is most relevant:
Does your service impact your clients' financial reporting? SOC 1 examinations focus on controls at your organization that are relevant to user entities' internal control over financial reporting. This is particularly important for service organizations in payroll processing, claims processing, or other services that affect customers' financial statements.
Are your clients concerned about security, availability, processing integrity, confidentiality, or privacy? SOC 2 examinations evaluate your controls across one or more of these trust services criteria. This report is ideal for technology companies, cloud service providers, and any organization where data security is paramount.
Do you need a version you can share publicly? SOC 3 reports provide a general-use summary of your SOC 2 examination results that you can post on your website or share broadly with prospects and customers.
BPM provides comprehensive SOC services designed to meet your specific needs. Our team works with service organizations across industries to conduct examinations in accordance with current AICPA Statement on Standards for Attestation Engagements (SSAE).
Not sure if you’re ready for a formal examination? We’ll assess your current control environment and help you identify any gaps before you begin the formal SOC process.
Examination of Controls at a Service Organization Relevant to User Entities’ Internal Control over Financial Reporting
Examination of Controls at a Service Organization Relevant to the 2017 Trust Services Criteria for Security, Availability, Processing Integrity, Confidentiality, or Privacy (TSP 2017)
General use report issued in conjunction with a SOC 2 examination
Your clients are looking for transparency and verification. A SOC report can give them the confidence they need while positioning your organization as a trusted partner committed to security and compliance.
Let’s discuss which SOC examination is right for your organization and how we can support you through the process.
Contact BPM today to learn more about our System and Organization Controls reporting services.
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