YHB’s Risk Advisory Services Team has been providing System & Organization Controls (SOC) , and its predecessor SAS70, engagements for over 15 years. We work with companies that range from just a handful of employees to companies with thousands of employees. Our expertise in recognizing and testing controls for organizations of all sizes bring international clients to YHB. We work with our clients to make sure they provide the users of their services with an accurate description of the controls they have in place.
Who We Serve
Our team works with a variety of organizations all over the globe. Over the years we have developed an expertise in providing SOC audits to the following:
- Business Process Outsourcing Companies
- Customer Support Call Centers
- Public Relations and Earned Media Software Companies
- Cloud Based Communication Centers and Businesses
- Managed Security Providers
- Co-Location Data Centers
- Software as a Service (SaaS) Providers
Flexible Scheduling Site Work
We come out when it’s convenient for you and your staff, not just when it’s good for us. We also keep up with the latest in technology, meaning we can cut down onsite time. You can get back to focusing on your business!
Because our turnover is low, you’ll be served by many of the same professionals throughout an engagement and over the years. This means you won’t have to explain what your organization does to new staff each year.
SOC Audit Solutions
If a SOC 2® engagement is the right one for you, we bring 17 years of experience working with the Trust Services Principles (TSP). We have been using the TSP framework to provide IT Audits (SysTrust) for many of our financial institution clients even before SOC 2® engagements existed.
When you are considering your first SOC engagement, you need a firm that can help you identify which controls matter. We help you describe your environment in an efficient and effective way, allowing your clients to easily understand the quality service you provide. Our approach to first year engagements is to perform a Readiness Assessment before the audit period begins. The Readiness Assessment helps you create the description of your control environment, identify the appropriate controls to fit your control objectives (SOC 1®) or the TSP (SOC 2®), and test the controls to make sure they are working as described. Once we have identified the controls and any weaknesses in them, we help you through the remediation process, preparing you for your first SOC audit.
Your relationship with YHB does not end when the report is issued. We continue to be a resource to you as changes in your environment or your industry force changes in your controls and processes.
YHB’s Risk Advisory Services Team can help you provide your clients with assurance of the controls you have in place to protect them and their customers.
What Are SOC Engagements?
Service Organization Control (SOC) engagements have become the gold standard for examining, assessing and reporting on internal controls at service organizations. SOC engagements were developed by the CPA profession, which has long been a thought leader in assurance engagements. CPAs are the premier providers of SOC reports for service organizations that must reassure users about their systems.
Organizations like yours receive requests from customers for assurance on a number of fronts, including assurance about your systems’ controls over financial reporting (SOC 1® also known as SSAE16 engagements) and the controls you employ to protect the privacy and confidentiality of users’ data, as well as the security, availability and processing integrity of your systems (SOC 2® and SOC 3® engagements).
SOC 1® Report (SSAE18)
Reporting on Controls at a Service Organization Relevant to User Entities’ Internal Control over Financial Reporting
SOC 1® meets the needs of user entities’ management and auditors as they evaluate the effectiveness of a service organization’s controls on a user entity’s financial statement assertions. These reports are important components of user entities’ evaluation of their internal controls over financial reporting for purposes of compliance with laws and regulations and for when user entity auditors plan and perform financial statement audits.
SOC 2® Report
Reporting on Controls at a Service Organization Relevant to Security, Availability, Processing Integrity, Confidentiality, or Privacy (SOC 2®)
For those who need to understand internal control at a service organization as it relates to security, availability, processing integrity, confidentiality or privacy. These reports play an important role in oversight of the organization, vendor management programs, internal corporate governance and risk management processes, and regulatory oversight. Stakeholders who use these reports include management or those charged with governance of the user entities and of the service organization, customers, regulators, business partners and suppliers, among others.
SOC 3® Report
Trust Services Principles, Criteria, and Illustrations
Designed to accommodate users who want assurance on a service organization’s controls related to security, availability, processing integrity, confidentiality or privacy but do not have the need for the detailed and comprehensive SOC 2® Report. It can be used in a service organization’s marketing efforts.
SOC for Cybersecurity
Examination of an Entity’s Cybersecurity Risk Management Framework
SOC for Cybersecurity provides a company with a way to demonstrate its commitment to implementing a strong cybersecurity risk management program. Combined with the independent opinion of a Certified Public Accountant, a SOC for Cybersecurity report builds trust among stakeholders including shareholders, management, customers, prospects, potential investors and the public. As a general use report, the SOC for Cybersecurity is available to any company (not just service organizations) who need to an independent attestation of the quality of their cybersecurity risk management program.