SOC Compliance Consultancy

For every organization, it is important to maintain its reputation in the market. They have to stay ahead in competition while gaining and maintaining the confidence of their customers. The organization needs to stay ahead of time thus perform assessments from time to time to identify any flaws or issues that might cause threats in the coming future. Service Organization Controls (SOC) defines a set of reports generated after the audit. These documents are important as it ensures that the organization follows practices as defined by the regulatory authorities for compliance.

Need for SOC Compliance:

The organization needs to comply with different standards to maintain its business status. The SOC compliance ensures that the organization has proper overall functioning of the organization. This includes assessing their networking ability, security, information system, etc. Any organization must have SOC compliance and reports. Some documents are essential for confidentiality and privacy while some documents can be distributed to clients to expand the business. Different agencies help the organization by providing SOC compliance consultancy services.

Steps taken by SOC compliance consultancy:

Different steps need to be followed for gaining SOC compliance. The compliance consultancy helps the organization to complete each of these steps. The consultants provided by the agency are experienced and certified auditors that help the organization. The different steps followed for compliance include:

Defining scope: This is the initial and the critical step involved in SOC compliance. It includes all the criteria that need to be assessed during the SOC audit. It includes identifying and assessing the different systems within the organization like the networking, servers, security standards, information technology, etc. Defining proper scope helps to lay a framework for performing the audit.

Generating road map: Based on the defined scope, the SOC compliance consultant generates a road map that will help them to complete their tasks included in the scope. This map or framework provides a step wise guide to move closer to getting compliance.

Gap analysis: Another important task taken up by the SOC compliance consultant includes gap assessment or analysis. In this, the auditors thoroughly assess the different systems within the organization to identify the flaws or loopholes. These flaws are the hotspots usually targeted by cyber hackers to breach confidential data. It is important to close these gaps on a priority basis.`

Remediation of gaps: Once the gaps are identified, the next important step in the remediation of these gaps. This is one of the most time-consuming steps as it involves finding the best solution to fix the issues. The SOC compliance consultant helps to prioritize the gaps and then solve these gaps based on their priority.

Audit preparation: The SOC compliance consultant help the organization in carrying out the SOC audit. The SOC compliance requires several documents in a specific format. The consultant also helps in generating all the important documents that are necessary for SOC compliance.

It is important and mandatory for the organization to have SOC compliance. Hiring the best SOC compliance consultancy will help the organization to move a step closer to being SOC compliant.