It is becoming more important for companies to outsource different functions. Any service organization will directly benefit from such because you are now making a profit. One of the challenges, however, is that all your risks will become your client’s risks which have become a very big deal. Internal controls must be put in place, therefore, to help deal with different issues like security, privacy breaches, and fraud. It is very important to learn therefore that the user entity must increase its due diligence when it comes to hiring you to be able to address some of the stakeholder’s concerns. You need to have the right Systems and Organization Controls and there are different reporting options that are available for you.
This is to mean that SOC auditing is very important so that you can get the report. You don’t have to worry a lot about the entire process because there are SOC auditors. The truth is the set standards can be very confusing and the entire examination process may be very intimidating to any client. This is one of the reasons why hiring SOC auditors becomes necessary. At the end of the day, getting a reliable and trustworthy SOC report is the goal which is why you need to also take your time to identify the best company for this. You deftly want to investigate more about these companies, including taking your time to look at different sources of information like testimonials, reviews as you also look for positive referrals from other service organizations in your industry. Additionally, BBB ratings of the company can be very helpful in deciding.
You can begin by looking for AICPA affiliated firms near you. There is no way the SOC report can be reliable and complete if it is not done by AICPA affiliated auditors. This is because they have to do the audit according to the set AICPA standards. You also need to look for certified auditors because at the end of the day you need those that have the best control assessment and testing methodologies. These methodologies will help them to deliver the best SOC reports as they take a more consultative approach in the entire examination process.
As a check on the company’s experience in providing SOC auditing services because that is also very important. Such companies understand the SOC auditing standards but most are very comprehensive. The other reason is that you need companies that are very efficient when it comes to carrying out such auditing. Look for companies that are very affordable.