• Shivam Maurya
• September 11, 2024
• No Comments

In the modern landscape, organizations solely depend on service providers to operate their internal day-to-day business activities and ensure constant functionality. That can be evident through the utilization of cloud computing, data centers and software-as-a-service (SaaS) organizations. In this regard, (System and Organization Controls) SOC Audits are essential for service organizations to validate the impact of the internal controls. Such as securing data protection, privacy and ensuring financial reporting. Based on that, Essential InfoSec is also a certified information security consulting firm as a CERT-In Empaneled Security Auditor which delivers a variety of security audits, security services and information technology solutions towards websites applications and network of the organization.

 What are SOC Audits?

SOC is referred to System and Organization Control audits, is generated after a third-party auditor and typically a Certified Public Accountant (CPA) which analyzes the significance of controls regarding data security, availability, processing integrity and confidentiality. Additionally, it enables a significant assurance over the design that operates the effective controls and addresses potential challenges for the considerate consumers and partners of the organization.

Define different Types of It

• SOC Audits are aimed to establish credibility and provide competitive advantages which helps to enhance the monetary and time investments and there are three types of SOC audits including SOC1, SOC2 and SOC 3.
• SOC1 and SOC2 are commonly used audits which primarily focus on financial reporting and emphasize business operations and compliances.
• SOC 3 is less used reporting audits and it is designed for the clientele of the organization and delivers a public-facing demonstration and provides control effectiveness within the entity.

Determine the Usages of SOC Audits

• SOC 1 Audits are emphasized on the effectiveness of the financial reporting controls which are specified for handling the financial statements of their clients and effective for payroll processors, loan services, data centers and directly impact on the financial statement of the clients.
• Additionally, SOC 2 audits are focused on managing the organizational security, availability, integrity, confidentiality and privacy services and it helps to protect the security information of the client by securing the confidentiality and privacy of the sensitive information such as financial statements.
• Essential InfoSec is also an information security consulting firm specialized for providing high level of security services and emphasized on business logic testing related to security audit of the organizational network.
• Essential InfoSec applies SOC audits in its operations which helps to identify security threats, incident incidents, security analysis, ensuring compliance monitoring and contributing to eliminating the vulnerability of the organization.
•  While SOC 3 audits deliver a high level of organizational controls that reduce the security threats of the organization. In this regard, applying SOC audits Essential InfoSec addressed the risks of the entity including resource constraints, data overload , incident overwhelm and cyber attacks.

Therefore, Essential InfoSec delivers a high level of security services and emphasizes data security and privacy by implementing different levels of SOC audits in its operations. Each audits are designed to address specific needs, addressing the organizational vulnerabilities and providing confidentiality, integrity, reliability and commitment to string internal controls of the entity.