System and Organization Controls (SOC) Audit
Akram | Assurance, Advisory & Tax Firm guides service organizations through a readiness or “gap” assessment identifying areas where controls are missing or require improvement. Please download our SOC Audit Brochure (PDF).
System and Organization Controls (SOC) Examination Reports
A successful SOC report can:
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Reduce compliance costs and time spent on audits and vendor questionnaires
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Meet contractual obligations and marketplace concerns through flexible, customized reporting
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Proactively address cyber risks across the organization
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Increase trust and transparency with internal and external stakeholders
Our skilled and experienced team guides clients through the three types of SOC reports determining which is the right report for their business.
The three types of SOC reports are:
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SOC 1 reports address a company’s internal control over financial reporting, which pertains to the application of checks-and-limits.
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SOC 2 reports will help a service organization’s customers satisfy their vendor management, business continuity, and regulatory requirements. A SOC 2 report is built to identify the consistent set of parameters surrounding the IT services a third party provides to customers. If customers are inquiring about the control environment surrounding the provision of private, confidential, available and secure IT services, then we should discuss the steps required to obtain an independently audited and assessed SOC II report.
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SOC 3 reports are designed to be a less technical and detailed audit report with a seal of approval, which can be shared with customers.
SOC Audit Approach
The Akram team brings over 20 years of industry expertise and insight to the SOC reporting process by:
- Performing a readiness assessment with a relevant SOC framework and provide recommendations for your cyber risk management
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Developing a SOC report that service organizations can share with customers or other auditors and providing transparency into the control environment.
View our SOC FAQs to understand more about the offering and capabilities.
Contact Us Today
Call us today at a toll free number or fill out the scheduling form if you need SOC audit for your Service Organization.
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"We have been voted “Best Accounting Firm for Start-up & Emerging Funds by Hedge Week”.
Akram is a winner of “Best Audit Firm" by Private Equity Wire US Emerging Managers Awards 2024.
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