Primary Contact: Eric M. Wright CPA, CITP
With SOC 2 reports, organizations decide which categories to include in the scope of the examination. This flexibility means reports are unique to each company while providing a consistent framework to evaluate whether organizations meet the criteria for the categories included in the examination. These examinations are designed for a broad range of users that need information and assurance about the controls at a service organization relevant to security, availability and processing integrity of the systems the service organization uses to process users’ data, and the confidentiality and privacy of the information processed by these systems. The use of this report is restricted. These reports can play an important role in oversight of the organization, vendor management programs, and internal corporate governance and risk management processes.
Readiness Assessment – these reviews are designed to assist service organizations in assessing their preparedness for a SOC 2 examination. Readiness Assessments are non-attest consulting engagements designed to identify gaps in controls and advise the service organization of necessary corrective actions in preparation for the SOC examination. We work closely with the service organization to ensure mutual agreement on the applicable trust services categories and criteria, as well as the risks significant to user organizations.
Type 1 – reports on the fairness of the presentation of management’s description of the service organization’s system and the suitability of the design of the controls to meet the applicable trust services categories and criteria included in the description as of a specified date. The SOC 2 Type 1 may be beneficial for organizations that have never completed an examination, since it assesses the design of controls at a specified date.
Type 2 – reports on fairness of the presentation of management’s description of the service organization’s system and the suitability of the design and operating effectiveness of the controls to meet the applicable trust services categories and criteria throughout the specified period. The SOC 2 Type 2 examination is typically suggested for organizations that have been through a readiness assessment or previously completed a Type 1 examination since it assesses both the design and operating effectiveness of controls over a period of time.
A service organization may request that the SOC report address additional subject matter that is not specifically covered by the trust services categories and criteria. Examples of such subject matter may include:
Schneider Downs employs a unique approach to SOC reports, integrating the expertise of information technology, internal audit and external audit professionals. By combining cross-disciplinary knowledge and project management expertise, we are able to effectively deliver on our clients’ expectations. If you are interested in learning how we can assist your organization, please contact us to get started or learn more about our practice at SOC.
Schneider Downs provides SOC 2 reports to companies in: Atlanta (GA), Austin (TX), Baltimore (MD), Boise (ID), Boston (MA), Burlington (VT), Charleston (SC), Charlotte (NC), Chicago (IL), Cincinnati (OH), Denver (CO), Detroit (MI), Houston (TX), Indianapolis (IN), Las Vegas (NV), Lexington (KY), Little Rock (AR), Los Angeles (CA), Memphis (TN), Miami (FL), Milwaukee (WI), Minneapolis (MN), New Orleans (LA), New York City (NY), Omaha (NE), Philadelphia (PA), Phoenix (AZ), Pittsburgh (PA), Providence (RI), Portland (OR), Richmond (VA), St. Louis (MO), Santa Fe (NM), Seattle (WA), Washington (D.C.) and Wilmington (DE).
DOES YOUR ORGANIZATION NEED A SYSTEM AND
ORGANIZATION CONTROLS (SOC) REPORT?
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Schneider Downs is a Top 60 independent Certified Public Accounting (CPA) firm providing accounting, tax, audit and business advisory services to public and private companies, not-for-profit organizations and global companies. We also offer Internal Audit; Technology Consulting; Software Solutions; Personal Financial Services; Retirement Plan Solutions and Corporate Finance Services. Schneider Downs is the 13th largest accounting firm in the Mid-Atlantic region and serves individuals and companies in Pennsylvania (PA), Ohio (OH), West Virginia (WV), New York (NY), Maryland (MD), and additional states in the United States with offices in Pittsburgh, PA, Columbus, OH, and McLean, VA.
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