New Decisionaire Provides Valuable Insights Needed for Gaining SOC 2 Compliance
With Software-as-a-Service (SaaS) providers being challenged to demonstrate the establishment and effective operation of internal controls, SC&H Group has launched a new and innovative online tool to help determine readiness to undergo a Service Organization Control 2 (SOC 2) security audit.
Hosted by SC&H Group, the SOC 2 Security Audit Readiness Decisionaire is a new online assessment that instantly provides an organization with advice regarding their readiness for a SOC 2 security audit. Going through a SOC 2 security audit and receiving a favorable report allows SaaS providers to build-in a level of controls and trust in relationships with clients.
“The rise of virtualized systems has created an even greater need for organizations to develop the right controls to protect data that resides in the ‘cloud,’” said Paul L. Shifrin, CPA, a Director of Audit Services at SC&H Group. “Today, virtually every organization leverages (SaaS) solutions and they need to know that their sensitive data resides in a highly trusted environment.”
Created by the American Institute of Certified Public Accountants (AICPA), SOC 2 reporting allows any SaaS provider to build in a level of trust and mitigate risk when it comes to managing sensitive customer data in a virtualized environment.
“Hosting client data in the cloud causes inherent vulnerabilities and these SOC 2 reports provide an additional layer of protection and validation that your clients’ data is secure,” added Shifrin. “This tool aims to educate the SaaS community on the criteria and processes they should employ to receive a favorable SOC 2 opinion.”
Click here to access the full Service Organization Control 2 (SOC 2) Security Compliance Decisionaire.
About SC&H Group
SC&H Group, LLC is an audit, tax, and consulting firm applying “expertise that works” to minimize risk and maximize value. SC&H Group’s practices advise leading companies from emerging businesses to the Fortune 500 on accounting, tax, profitability and strategy solutions. Clients in all states and worldwide benefit from SC&H Group’s commitment to delivering powerful minds, passionate teams, and proven results on each and every engagement.