Assured Compliance: SOC
More than ever, organizations that provide services to other entities are under increased pressure to demonstrate that it is safe to do business with them. To secure and retain business they must have controls in place to help ensure others that they are operating compliantly and ethically.
Accurate, compliant, and secure processing of customer financial transactions and data. Security, availability, integrity, confidentiality, and privacy of customer data and information. Effective cybersecurity capabilities. System and Organization Controls (“SOC”) reports, governed by the American Institute of Certified Public Accountants (“AICPA”) and issued by independent CPAs, help organizations clearly communicate to their business partners that they have met these objectives.
The LerroSarbey team of professionals bring knowledge, flexibility, skill, and responsiveness to help you navigate the challenges of establishing and reporting on your system of controls. We combine years of business, auditing, and technical experience to help guide you through the complexities of a SOC engagement. We provide insightful solutions aligned with business value to drive your success by getting to know you and your business.
System & Organization Control Solutions (SOC)
Accurate, compliant, and secure processing of customer financial transactions and data.
Security, availability, integrity, confidentiality and privacy of customer data and information.
Effective cybersecurity capabilities.
Integrated Audits
Once public companies exceed non-accelerated filer status (>$75M in public float), they must have a SOX audit performed by an independent certified public accounting firm authorized by the Public Company Accounting Oversight Board as part of an integrated audit of their financial statements. Section 404(b) requires the auditor to attest to and report on management’s assessment of its internal controls.
LerroSarbey will work with your management to assess the effectiveness of the internal controls over financial reporting, and determine if adequate controls are in place to safeguard financial data. If your current internal controls are not SOX compliant, our auditors have the experience and knowledge to help you get there.
Outsourcing Solutions
For companies that do not have the internal staffing or experience to comply with the SOX Section 404 regulations, LerroSarbey provides reliable and cost-effective SOX advisory and outsourcing solutions.
SOC Reporting
- SOC 1 Report – Focuses on internal controls over financial reporting.
- SOC 2 Report – Focuses on security, availability, processing integrity, confidentiality, and privacy for limited distribution to a service organization’s customers.
- SOC 3 Report – Focuses on security, availability, processing integrity, confidentiality, and privacy, but is designed for public distribution. SOC for Cybersecurity Report – Focuses on the effectiveness of cybersecurity risk management programs.
- SOC for Cybersecurity is a risk reporting framework that establishes common criteria and guidelines for communicating about an organization’s cybersecurity risk management program. It enables organizations to report on their cybersecurity management programs to internal and external stakeholders with the credibility associated with an independent examination report.
- LerroSarbey’s years of specialization and experience will help you arrive at the best reporting option for your specific situation. Regardless of your organization’s size or industry or your SOC business requirements, our SOC readiness and reporting services can help your organization:
- Identify and address inefficiencies in your system of controls.
- Mitigate risks that could negatively impact your organization.
- Meet compliance requirements.
- Differentiate your organization from competitors.
- Satisfy requests from customers for independent validation of controls.
Transform your financial strategy into a pathway to success with LerroSarbey.
As your strategic partners, we are committed to guiding you through the complexities. Our expertise in tax planning, compliance, and cutting-edge solutions ensures your financial goals are within reach.