managed service providers (MSPs) and cloud providers have the opportunity to go through a SOC 2 audit. The SOC 2 (Service Organization Control 2) framework, developed by the American Institute of Certified Public Accountants (AICPA), focuses on critical information technology areas. By undergoing the SOC 2 audit, service providers can demonstrate their commitment to meeting stringent security and operational criteria.
Adhering to Stringent Trust Services Criteria (TSC)
The SOC 2 report is issued based on the AICPA’s Trust Services Criteria (TSC), which ensures that various aspects, including security, availability, processing integrity, confidentiality, and privacy, are thoroughly examined and addressed. This comprehensive evaluation allows service providers to showcase their adherence to industry best practices and their dedication to safeguarding client data and systems.
Dual Cyber Verify and SOC 2 Certifications
To streamline the certification process and enhance efficiency, service providers have the option of pursuing dual certification. Dual certification refers to obtaining both the Cyber Verify certification and the SOC 2 report simultaneously. This approach offers numerous advantages, including cost-effectiveness and a more comprehensive system that is tailored to the specific needs and practices of managed service providers and cloud providers.
Why? Well, it all comes down to the auditor you choose. Selecting the right auditor is critical because it can mean the difference between receiving controls that align perfectly with your business model and, more importantly, matter to your customers, or ending up with a set of controls that don’t quite fit the bill. You don’t want an auditor who excels in accounting but lacks a deep understanding of managed services-specific technologies, processes, and service delivery characteristics. To provide your customers with the assurance they demand, obtaining a SOC 2 audit report that adheres to the precise standards of cloud computing and managed services becomes essential.
Our team of trained and experienced global auditors can leverage the Cyber Verify to significantly decrease the engagement time, maintain out-of-control costs, apply controls relevant to your business model.
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