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.
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