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System and Organization Controls (SOC) Audit

Akram & Associates guides service organizations through a readiness or “gap” assessment identifying areas where controls are missing or require improvement. Please download our SOC Audit Brochure.

Instill confidence and trust with a System and Organization Controls (SOC) Examination reports

A successful SOC report can:

  • Reduce compliance costs and time spent on audits and vendor questionnaires
  • Meet contractual obligations and marketplace concerns through flexible, customized reporting
  • Proactively address cyber risks across the organization
  • Increase trust and transparency with internal and external stakeholders

Our skilled and experienced team guide clients through the three types of SOC reports determining which is the right report for their business.

SOC 1 : SOC 1 reports address a company’s internal control over financial reporting, which pertains to the application of checks-and-limits.

SOC 2 : SOC 2 will help a service organization’s customers satisfy their vendor management, business continuity, and regulatory requirements. A SOC 2 report is built to identify the consistent set of parameters surrounding the IT services a third party provides to customers. If customers are inquiring about the control environment surrounding the provision of private, confidential, available and secure IT services, then we should discuss the steps required to obtain an independently audited and assessed SOC II report.

SOC 3 : SOC 3 reports are designed to be a less technical and detailed audit report with a seal of approval, which can be shared with customers.

Our approach

The Akram & Associates team bring over 20 years of industry expertise and insight to the SOC reporting process by:

  • Performing a readiness assessment with a relevant SOC framework and provide recommendations for your cyber risk management
  • Developing a SOC report that service organizations can share with customers or other auditors and providing transparency into the control environment.

View our SOC FAQ page to understand more about the offering and Akram & Associates capabilities.

Contact Us Today

If you are an investment manager who has been entrusted with custody of your client’s financial assets, your fund is subject to an annual surprise examination (audit) by an independent public accounting firm. If you are looking for a public accounting firm who can be trusted to conduct a fair and thorough examination to provide the most confidence to you and your investors, then please reach out to us at 844-386-3829 to learn more about the services we offer.

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