Organizations cannot afford to leave their clients’ trust to chance. They face complex pressures from customers, regulators and cyberattacks to implement appropriate controls within their environments to protect customer and proprietary data. “SOC Report Types: What You Need to Know”
Several of our clients, current as well as prospective have posed a question to us about the applicability of a SOC 3 report and its benefits. I thought some additional information drawing clarity to the question will be beneficial to others who read this Blog especially for those that have the same question.
So what is a SOC 3 report? A SOC 3 Report is a report on controls at a service organization addressing matters other than financial reporting. A SOC 3 report is prepared using the AICPA/Canadian Institute of Chartered Accountants (CICA) Trust Services Principles, Criteria, and Illustrations for Security, Availability, Processing Integrity, Confidentiality, and Privacy. “The Applicability and Benefits of a SOC 3 Report”