Clark Schaefer
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What to know about the increase in requests for SOC reports

What to know about the increase in requests for SOC reports

System and Organization Controls (SOC) reports are designed to demonstrate that service providers have proper controls in place. SOC 1 and SOC 2 reports primarily examine controls in place for the reporting and processing of financial transactions (SOC 1) and the security of data (SOC 2). Requests for these reports, especially the latter, are on the rise.

“Both private and public entities are increasingly requesting SOC 2 reports as it’s a way for a company to gain peace of mind that their data is being adequately protected,” says Andrew Sizemore, a manager with Clark Schaefer Consulting.

Read the full article on Smart Business.

Expert Contributors

Andrew Sizemore

Director
Andrew uses his keen understanding of internal control and regulatory requirements to manage and deploy internal control testing throughout organizations globally.
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