Thursday, August 13, 2020

SOC 2 Principles or Trust Service Criteria - Infographic

 

As a service provider, working with a client means your organization has complete access to their sensitive data for which you too become equally responsible for its protection. The very fact that, as a service provider handling sensitive data of your clients is a very serious business, your clients would constantly need an assurance of the safety and confidentiality of their highly valuable data. 

To address this issue, the American Institute of Certified Public Accountants (AICPA) developed the SOC 2 audit, which tests a service organization’s internal controls and provides a detailed report on the necessary compliance requirement to safeguard the data. The audit conducted provides an assurance to the client, customers, employees, or any third-party stakeholders and the service organization itself of IT system controls and data security.  

While the service organization may know that they need to comply with a SOC 2 audit and certification, the details of it still seem murky to them. For long, there has been a debate on whether all the 5 Trust Service Criteria in SOC2 are applicable to their service organization or not. While many organizations prefer to be selective over the specific application of TSC, but this isn’t really how it works. Let us today learn about the SOC2 Trust service Criteria and understand whether all the 5 Trust Service Criteria in SOC2 is applicable to your service organization or not?


Read Full Article Here:- SOC 2 Principles

You can watch the webinar here:-






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