NDB Accountants & Consultants (NDB) offers industry leading SOC 2 reports for Canada service organizations seeking to comply with the AICPA Service Organization Control (SOC) reporting framework. In joint collaboration with the Chartered Accountants of Canada (CICA), the American Institute of Certified Public Accountants (AICPA) developed the Trust Services Principles, which are an integral component of SOC 2 reports. More specifically, the TSP’s are criteria based provisions that consist of the following:
The security of a service organization's system.The availability of a service organization's system.The processing integrity of a service organization's system.The confidentiality of the information that the service organization's system processes or maintains for user entities.The privacy of personal information that the service organization collects, uses, retains, discloses, and disposes of for user entities.
Moreover, included within the TSP’s are the following 7 areas:
Organization and managementCommunicationsRisk management and implementation of controlsMonitoring of controlsLogical and physical access controlsSystem operations, andChange management
So take note of the following important points regarding SOC 2 reports in Canada, brought to you by NDB Accountants & Consultants – North America’s leading providers of SOC 2 compliance reporting: