In a world where business processes are increasingly outsourced, companies face the challenge of ensuring that their service providers adhere to strict standards when it comes security, confidentiality, and operational efficiency. SOC (System and Organization Controls) reports are internationally recognised tools that demonstrate a service organisation’s control environment reliability and help to build trust among clients, partners, and regulators.
Why it matters
How KPMG can help
We assist service organisations throughout the full cycle of attestation audits: from readiness assessments to issuing attestation reports. Our team has proven expertise in SOC projects, adhering to a “no surprises” principle and using an early warning approach when critical deficiencies are identified. We adapt the report format to your business goals, whether for internal use or client demonstrations.
What we do
- Review readiness assessments for attestation audits through control environment analysis and gap identification, providing further recommendations. Such reviews reduce the risk of modified audit opinions and increase efficiency when preparing for attestation.
- Perform attestation audits to issue the following reports:
- SOC 1 - evaluates the effectiveness of a service organisation’s controls which impact clients’ financial reporting. These controls are used by service users and their auditors to confirm the reliability of processes that impact financial information.
- SOC 2 - confirms the effectiveness of controls against various security, availability, confidentiality, processing integrity, and privacy criteria. these controls are intended for clients who seek assurance that their data is properly handled and are especially relevant for digital service providers, such as cloud platforms, data centres, SaaS solutions, and IT service companies.
- SOC 3 - a public version of SOC 2 without confidential information that is also freely distributable.
- Provide feedback on weaknesses and recommendations for process improvement.
What you get
- SOC attestation report confirming the reliability of your control environment.
- Increased client trust and a competitive advantage on the market.
- Tools for internal improvement: independent process, system, and control evaluations.
- Readiness for tender, contract, and regulatory requirements that often mandate SOC reports.
