Remove updates soc-2-compliance
article thumbnail

The Impact of a SOC 2 Report on Your Organization Value and Customer Relations

Cherry Bekaert

Data breaches and cyber-attacks are now commonplace and, as a result, many customers (also known as ‘user entities’) are demanding an SOC report as part of their vendor due diligence programs. What Do SOC 2 Reports Focus On? Among the three primary types (SOC 1, SOC 2, and SOC 3), SOC 2 is the most widely recognized.

audit 105
article thumbnail

Armanino Unveils SOC 2 Examination Tool

CPA Practice

Top 20 accounting firm Armanino today released Audit Ally, a proprietary tool designed to automate and improve the efficiency of Service Organization Control 2 (SOC 2) examinations for both the client and the auditor.

auditor 59
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

CMMC 2.0 Frequently Asked Questions and What You Need to Know to Prepare for Compliance

Cherry Bekaert

We assist Organizations Seeking Certification (OSCs) with CMMC readiness assessments for Levels 1, 2, and 3 and perform DIBCAC High (NIST 800-171) Assessments in partnership with the Defense Contractor Management Agency (DCMA) Defense Industrial Base Cybersecurity Assessment Center (DIBCAC) under their Joint Surveillance audit program.

audit 94
article thumbnail

A Closer Look at Your 401(k) Plan

Withum

If you sponsor a 401(k) plan with a December year-end, it is important to remember that your Form 5500 and audited financial statements, if required, are due July 31 with the option to file an extension, allowing an additional 2 ½ months to file. Are you reading their reports and reviewing their SOC 1?

audit 52
article thumbnail

Acterys is Now SOC 2 Compliant: What it Means for Your Organization

Acterys

Acterys’s commitment to security has led to the successful completion of SOC 2 compliance audit. To fully understand how SOC 2 compliance benefits our customers, it is crucial to have a basic understanding of what it is. What is SOC 2? Who does SOC 2 apply to?

auditor 26
article thumbnail

Seven Risk Management Activities to Safeguard Your Financial Institution Against Damaging Risk Exposures

Cherry Bekaert

Strengthening Governance and Risk Management Frameworks Governance and risk management frameworks are essential tools for organizations to effectively manage risk while ensuring compliance with legal, regulatory and ethical standards. They serve as an overall guide for managing business risks and identifying opportunities for improvement.

article thumbnail

February 2023 Sales and Property Tax Changes to Watch For

CPA Practice

While you focus on your business, we stay on top of legislative and policy changes that can affect your tax compliance. SOC it to data security. Our favorite sales tax update has hit the Tax Desk. By Lindsey Raker. Nuts and bolts Closing the door on transaction thresholds? Learn more about state efforts to simplify sales tax.

Sales 52