Cybersecurity and SOC 1, SOC 2, SOC 3 Audits

Can your organization assure stakeholders, management, regulators, and clients that IT systems and data are adequately protected, controlled, and processed? Is your service organization transparent and able to demonstrate that your internal controls are reliable, accurate, and fairly presented? These are concerns for your business and service organization, which will benefit from a Service Organization Controls (SOC) or Cybersecurity audit.

Accounting and Business Consultants, LLC is a leading regional CPA firm that specializes in performing Cybersecurity audits for businesses and SOC 1, SOC 2, SOC 3 for service organizations. Call us at 800-930-2923 now or contact us through our website to learn more about our full menu of audit and assurance services.

Benefits of SOC and Cybersecurity Audits

• Cybersecurity and SOC audits can assure adequate controls are in place regarding financial reporting, data security, confidentiality, availability, privacy, or processing integrity.
• Potential customers may be unwilling to consider vendors that cannot demonstrate they meet SOC or Cyber Security standards.
• SOC reports from your organization may be necessary or preferred by your clients to comply with various audit or regulatory requirements, such as Sarbanes-Oxley (SOX), Gramm–Leach–Bliley Act (GLBA), Health Insurance Portability and Accountability Act (HIPAA), Federal Financial Institutions Examination Council (FFIEC), Dodd-Frank, or Payment Card Industry Data Security Standard (PCI DSS) requirements.
• Owners, directors, management, customers and various third parties might request a Cybersecurity Audit to ensure IT security is understood, documented and monitored.

Types of Audits

Accounting and Business Consultants, LLC specializes in performing Cybersecurity, SOC 1, SOC 2, and SOC 3 audits for businesses and service organizations. We will help your organization determine its specific reporting needs as well as plan and perform an appropriate audit.

Cybersecurity Audits

Cybersecurity has become a prevalent issue facing most organizations—one that companies recognize as an enterprise-wide issue requiring thoughtful attention. Investments in controls are necessary to protect organizations from increasingly sophisticated and widely available attack methods. Intentional attacks, breaches and incidents can have damaging consequences. A Cybersecurity risk management program report helps your stakeholders and customers know that your IT systems and controls are reliable and operating effectively.  

SOC 1 Audits

SOC 1 is a report on the assessment of internal controls over financial reporting and is used in the audit of your clients' financial statements. SOC 1 reports are specifically designed for auditors of a user entity’s financial statements, management of the user entities, and management of the service organization. SOC 1 is a report on controls at a Service Organization Relevant to User Entities’ Internal Control over Financial Reporting (SSAE 18). It also provides credibility to your customer so they can trust the quality of your services and makes your organization transparent about any control matters.

SOC 2 Audits

SOC 2 is a report on controls at a service organization relevant to security, availability, processing integrity, confidentiality, or privacy. SOC 2 guidance will apply in an audit of a service organization’s system that relates to non-financial statement processes and controls. A SOC 2 report helps your clients satisfy their vendor management, business continuity, or regulatory requirements. It also offers the transparency that will allow your customers to put confidence in the quality of your services and controls.

SOC 3 Audits

SOC3 is a report designed for users who need assurance about the controls at a service organization that affect the security, availability, and processing integrity of the systems used to process users’ information and the confidentiality of that information. This is a good option for those who don't have the need for or the knowledge necessary to make effective use of a SOC 2 Report.