The American Institute of Certified Public Accountants (AICPA) has recently amended the service organization control-reporting framework. This amendment now enables certified public accountants to offer service organizations the kind of assurance that their customers and business partners need and require.

The new standard — Statement on Standards for Assurance Engagements In addition to renaming SOC to be System and Organization Controls, SSAE 18 sought to improve the usefulness of SOC reports by placing more emphasis on management’s risk assessment and third party vendor management.

SOC Serices

GBQ IT Services can help your business to navigate through these various changes and report options, starting with a Readiness Assessment to move to a Type 1 and then Type 2 report on your timeline.