It is important for service organizations to exhibit their commitment to internal controls.
San Diego (CA) companies that host applications (i.e., “service organizations”), may find themselves in need of a System and Organization Controls (SOC) report. As service organization customers are becoming increasingly savvy, they are commonly in need of a SOC report as a standard part of their vendor risk management process. The problem is that most service organization customers don’t use the correct terminology and don’t truly understand what they need or are asking for. The service organization doesn’t know exactly what they need, but they know they need it now!
SOC reports are designed to help service organizations build trust and confidence in the service performed and in its controls through a report by an independent Certified Public Accountant (CPA). Each type of SOC report is designed to help service organizations meet specific user needs. In today’s market, service organizations must exhibit their commitment to internal controls, and a SOC report demonstrates that to their customers.
- SOC 1 Report (Type 1 or Type 2)
- A SOC 1 report is designed for financial transaction processing and is primarily used to validate controls over the completeness and accuracy of monetary transactions and financial statement reporting.
- SOC 2 Report (Type 1 or Type 2)
- A SOC 2 report is designed to provide detailed information and assurance about the controls at a service organization relevant to the “trust services criteria,” including the security, availability and processing integrity of the systems it uses to process users’ data and the confidentiality and privacy of the information processed.
- SOC 3 Report
- A SOC 3 report covers the same testing procedures as a SOC 2 report, but it omits the detailed test results and is intended for general public distribution.
Moore Colson, an Atlanta-based firm, provides SOC report audits to companies in San Diego and across California. Our team has been providing SOC readiness and assurance services for over 25 years. Our diverse range of experience permits us to more easily understand a company’s risk profile, areas of exposure, and important testing variables. This makes the SOC auditing process more effective and efficient, focusing on the most critical areas of vulnerability.
Moore Colson provides SOC 1, SOC 2, and SOC 3 audits to companies in San Diego and across California. If you are interested in learning how we can assist your organization from readiness through Type 2 attestation, complete the form below and a team member will follow up with you promptly.
San Diego, California, epitomizes the perfect blend of sun-soaked beaches, cutting-edge innovation and cultural diversity on the Pacific coast. With a history steeped in Spanish colonial heritage and maritime exploration, San Diego has evolved into a dynamic metropolis celebrated for its unparalleled quality of life and thriving economy.
At the forefront of San Diego’s economy is its robust innovation ecosystem, with a strong emphasis on biotechnology, telecommunications and defense. The city is home to a cluster of world-renowned research institutions, including the Salk Institute and the Scripps Research Institute, driving breakthroughs in biomedical research and life sciences. Additionally, San Diego’s leadership in telecommunications and wireless technology, exemplified by companies like Qualcomm, has positioned the city as a global hub for innovation in connectivity and digital transformation.
San Diego’s defense industry also plays a pivotal role in its economic landscape. Major military installations such as Naval Base San Diego and Marine Corps Air Station Miramar contribute to the city’s reputation as a center for defense innovation and technology development. Collaborations between the military, academia and private sector entities further enhance San Diego’s status as a defense-related research and development leader.