System and Organization Control Reports- SOC Reporting

Course details

As more and more organizations are outsourcing their functions to the service organizations and with the increasing popularity of the cloud services, it is important for the service organisations, customers and the auditors to ensure that risk and controls at the service organisations align with the compliance standards and ensure that the controls are designed and operating effectively. System and Organization Controls Report (SOC) helps the service organizations, customers and auditors to build trust and confidence in the services offered by the service organisation and the controls related to the services.

A SOC report is a way to verify that a service organisation is following some specific best practices before the customer outsources a business function to that organisation and it has become very popular among the service organisations, customers and auditors to request for the SOC reports. SOC reports are beneficial to gauge the performance of the controls through a cohesive, repeatable reporting process. Any organisation can provide insight and stakeholder assurance through with SOC reporting.

If you a service organisation looking to get started with a SOC (SOC 1, SOC 2, SOC 2+, SOC 3, SOC for cybersecurity) report or you are a customer looking to engage a service provider or an IT auditor looking to understand the SOC reporting, this course is for you.