A Service Organizational Control (SOC) Report Provides Confidence and Peace of Mind
A Service Organization Control Report (SOC Report), as defined by the AICPA, is an internal control report on the services provided by a third-party organization that offers “valuable information that users need to assess the risks associated with an outsourced service.” In plain English, it’s basically an internal control report card that service organizations can provide to their end users showing that it’s safe to do business with them as an outsourced provider. A SOC report not only demonstrates that an organization processes transactions in a secure environment, but also that their data is reliable, complete and accurate.
Whether your company is new to the SOC audit process and in need of significant guidance or has been audited many times, PKM has the right mix of experience and expertise you need. Every day, we work with companies that are under substantial scrutiny from their users. As a result, we offer SOC Reports that provide confidence to the scrutinizing parties, ultimately helping our clients to win more customers and drive growth.
SOC Compliance Solutions for the Most Highly Regulated Industries
A request for a SOC report is often the first step in the due diligence process when selecting a new service provider. And for industries that are highly regulated and under pressure to demonstrate compliance with the most stringent of IT frameworks, you need a firm that knows the elements of good risk management, including SOC compliance.
PKM has honed its expertise on highly regulated industries since our inception. Our team serves organizations nationwide that count their own clients as some of the largest financial service companies in the country. A PKM SOC report provides our clients with user transparency through an internal control report that is valuable not only to management, but also third-party stakeholders. Our goal is to provide you with a SOC Report that adds value to your business by reducing risk and increasing long term value. It’s something we do every day.