SOC 2

SOC Vendor Due Diligence for Title Agencies

The American Land Title Association (ALTA) Best Practices Framework has been developed to assist lenders in satisfying their responsibility to manage third party vendors. ALTA members advocate a safe and efficient transfer of real estate and have high standards when searching land title records and preparing insurance documents. To provide the best possible chance of […]

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Does Your SOC Report Address Subservice Organizations Using the Carve Out or Inclusive Method?

By: Peter Clarke, Managing Consultant at A-LIGN A subservice organization is an entity that is used by the service organization to perform some of the services provided to customers (user entities).  An example of a common service provided by a subservice organization would be a company that offers their data center to a cloud provider […]

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How to Differentiate Your Title Agency for Success in a Dynamic Market

By: Blaise Wabo, Senior Consultant at A-LIGN In 2012 the Consumer Financial Protection Bureau (CFPB) released a bulletin related to service providers’ oversight, in which they expect supervised banks and nonbanks (lenders) to oversee their business relationships with service providers in a manner that ensures compliance with Federal consumer financial law, which is designed to […]

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Understanding the Impact of Testing Exceptions in Type 2 SOC 1 and SOC 2 Reports

By: Ivan Reyes, Senior Consultant at A-LIGN Standards for Attestation Engagements No. 16 (“SSAE 16”) is an attestation standard whereby a service organization’s auditor issues an opinion on a service organization’s internal controls over financial reporting (ICFR). This is delivered in the form of a Service Organization Controls 1 (“SOC 1”) report. The report represents […]

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How to Gain Efficiencies When Adding PCI DSS to Your SSAE 16 or SOC 2 Report

By: Lori Crooks, Managing Consultant at A-LIGN If you process, store or transmit credit card data and already have a SSAE 16 or SOC 2 report, you might be considering adding on a PCI DSS assessment – and it isn’t as painful as you may think! There are controls, such as physical security, logical access, […]

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CSA Integrates Cloud Controls Matrix with SOC 2 Reports for Cloud Providers

By: Peter Clarke, Senior Consultant at A-LIGN The AICPA recently released an Illustrative Type 2 SOC 2 Report to assist auditors in reporting on the suitability of design and operating effectiveness on cloud security providers. The Cloud Security Alliance (CSA) Cloud Control Matrix (CCM) builds upon the AICPA’s Trust Services Principles (TSP) as the attest […]

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5 Steps to Succeed in Your Next Compliance Audit

By: Jay Anthony, President of Audit Liaison, PA Your organization has determined that there is a need for a compliance audit. But you have so many questions or don’t know where to start? A-LIGN has asked us to put together a short guide to help you decide the correct course of action and the steps […]

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Trust Services Principles Update and Impact on SOC 2

By: Sara McLane, Senior Auditor at A-LIGN In February of 2014, the AICPA released the new Trust Services Principles and Criteria (TSP) for Security, Availability, Processing Integrity, Confidentiality, and Privacy. The updated TSP will have a positive effect on our clients and other organizations obtaining a SOC 2 report by increasing the clarity for readers […]

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Ask A-LIGN: What is the difference between a SOC logo and a SOC seal?

By: Scott Price, Managing Partner of A-LIGN  Answer: Misuse of Service Organization Control (SOC) terminology is a common mishap in the marketplace. When it comes to the use of the SOC logo or seal, many tend to assume the terms mean the same thing (six of one, half a dozen of the other), but in reality […]

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The Value of SOC 2

If your service organization processes customer transactions that impact financial reporting, such as payroll or other financial reporting functions, you are more than likely familiar with the SSAE 16 SOC 1 report and its predecessor the SAS 70. Your customer’s auditors request the SAS 70, now the SSAE 16, every year to fulfill your customer’s year-end financial […]

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