System & Organization Controls (SOC)

Enhance transparency, build trust and facilitate business relationships.

When an organization outsources critical functions to a service provider, the risk surface of the organization increases. To combat this, organizations will often ask for a System and Organization Controls (SOC) report to gain assurance over a service provider’s information systems and overall control environment. By obtaining a SOC report, service providers are able to demonstrate to their customers that compliance is a priority, not an afterthought. The Abacus Technologies* Information Assurance team has the industry experience and technical expertise to ensure your organization receives an industry-standard SOC examination that meets customer expectations, builds trust, and helps you gain a competitive edge in your industry.

More Information

Our Solutions

Typically, an SOC report is applicable to companies providing outsourced services to user entities such as SaaS providers, payroll companies, benefits administrators, trust companies/administrators, claims processors, outsourced IT departments, application service providers, etc. What type of SOC report do you need?

SOC 1

Shows how your control environment affects your customer’s internal control over financial reporting (ICFR).

SOC 2

Attests to Information Security controls, and can also include Availability, Confidentiality, Processing Integrity, and Privacy.

SOC 3

Publicly available version of a SOC 2 report designed for general audiences, often used as marketing material.

Readiness Assessment

For organizations without a mature compliance program or those undergoing their first SOC examination, a SOC Readiness Assessment provides an opportunity to better understand the complexities of SOC requirements and ensure your organization is prepared to succeed. Your team will test your controls as if it was a true SOC examination so that Abacus can provide a gap analysis. After identified gaps have been remediated, you’ll know your organization is ready for the real thing.

Let us help you prepare for your first SOC examination by walking you through the process and identifying potential areas of concern.

*As a member of the BMSS Family of Companies, Abacus Technologies assists with the execution of SOC engagements under management of BMSS, whose Advisory Practice Members maintain responsibility over the engagement and report opinion.