Service Organization Control (SOC) reports are essential for organizations seeking to assure stakeholders about the effectiveness of their internal controls. These reports, developed by the American Institute of Certified Public Accountants (AICPA), evaluate and validate the design and operating effectiveness of controls in areas such as security, availability, processing integrity, confidentiality, and privacy.
The rapid advances in technology have created opportunities for businesses to realize new efficiencies and increased profitability.
This June, the AICPA has released a new examination engagement (SOC for cybersecurity) performed in accordance with the AICPA’s clarified...
From the AICPA website: Service Organization Controls are a series of accounting standards that measure the control of financial information...