NDB provides SOC 2 audits – both Type 1 and Type 2 reporting – for Denver, Colorado businesses seeking to comply with today’s growing regulatory compliance mandates. SOC 2 audits are aimed primarily at technology-oriented service organizations – and with the incredible number of technology companies in the Denver/Boulder area – NDB can provide a scalable, efficient, and cost-effective SOC 2 auditing process from beginning to end.
As one of North America’s most concentrated markets for information technology, the greater Denver area is experiencing phenomenal growth in the tech sector, yet with such booming success also brings about large regulatory compliance mandates, such as SOC 2 compliance audits. As such, take note of NDB’s industry proven and highly efficient SOC 2 auditing phases that consist of the following:
Being “prepared” for a SOC 2 compliance audit means performing a readiness assessment up front for determining and assessing critical issues, such as scope, documentation, business functions to test, areas requiring remediation, what physical locations are included, and much more. Going into a SOC 2 audit with no formal preparation – especially for businesses new to regulatory compliance – is not recommended.
You need to understand your gaps and deficiencies well in advance before commencing on an actual SOC 2 audit, or expect major challenges along the way. A well-seasoned, highly experienced CPA firm can provide a very brief, yet in-depth and extremely helpful SOC 2 readiness assessment for Colorado businesses. Call and speak with Christopher G. Nickell, CPA, at 1-800-277-5415, ext. 706 to learn more about NDB’s SOC 2 readiness assessment for Colorado businesses.
Understand and Choose the Correct TSP’s
What are the TSPs’ – they are the AICPA Trust Services Principles – common criteria for which the basis of SOC 2 reporting is based on, and they consist of the following five: Security, Availability, Processing Integrity, Confidentiality, and Privacy. Each of them are unique in their own right – yet they all share a common element for validating the confidentiality, integrity, and availability (CIA) of a service organization’s internal controls. Correcting Issues
There’s always something that can be fixed and improve upon in life, from your house to your car – no question about it – so take the simply analogy and apply it to SOC 2 compliance. More specifically, remediation is a big part of SOC 2 compliance, as gaps and weaknesses are always found during the initial assessment and readiness phases. After all, you don’t just walk into a SOC 2 compliance audit if you’ve never done one – you must plan carefully and remediate all necessary issues, such as policies, procedures, and other internal control issues.
NDB offers all Colorado clients our industry leading SOC 2 Policy Packet containing hundreds of pages of individual security policy templates for rapid compliance, ultimately saving service organizations an immense amount of time and money. But policies are just policies without system changes, that’s why NDB also offers dozens of systems hardening documents for ensuring all necessary system configuration modifications and enhancements have been undertaken. It’s another reason why Colorado businesses turn to NDB for SOC 2 compliance assessments, and so should you.
Scared of the actual audit process – relax – NDB is on your side, providing tools and utilities for helping create an efficient, speedy, and high-quality SOC 2 compliance audit for Colorado businesses. We’ve all been through some type of dreaded audit – but the SOC 2 process developed by NDB is different, it really is – as we incorporate industry leading technologies for enabling rapid collection of audit deliverables. Sure, there are some things that still have to be done the old-fashioned way – speaking and possibly interviewing personnel – but the vast majority of the SOC 2 compliance assessment is done digitally for Denver and Boulder, Colorado businesses.
Authoring the Report
The SOC 2 report is technically a Service Auditor’s Report containing a written statement of assertion by management, the description of the service organization’s system, along with assessment and testing (if a SOC 2 Type 2) results. The document is relatively straightforward, offering a detailed glimpse into a service organization’s control environment, such as the policies, procedures, and processes, etc. Remember that SOC 2 compliance reports are restricted to intended users only, is not a general publicly available report, such as SOC 3.
SOC 2 has been a true game changer in the regulatory compliance world, ultimately forcing many service organizations to undertake annual assessments, which can be challenging, complex, and time-consuming. But with NDB, we’ve got Colorado businesses covered with a highly efficient, comprehensive, and cost-effective SOC 2 auditing model that’s been perfected over the last decade. Contact Christopher G. Nickell, CPA, at 1-800-277-5415, ext. 706 to learn more about NDB’s SOC 2 compliance audits, along with SSAE 16 SOC 1 and SOC 3 reporting, and PCI DSS compliance.