Controls Assurance

KPMG SOC Reporting Benchmarking Report 2024

As the risk landscape evolves, pressures from topics like operational resilience, cyber security, and regulatory compliance only increase. Similarly, the opportunities arising from modern application of automation through to AI to build competitive advantage are abundant. Managing and optimising approach to risk and assurance from these topics is critical.

We’re pleased to share our KPMG Controls Assurance Benchmarking Report. It’s one of the most comprehensive benchmarking exercises we’ve undertaken in the UK for Controls Assurance, in which we’ve analysed over 400 assurance reports across multiple industries to understand key trends and insights. This report covers multiple assurance standards / frameworks, e.g. SOC 1 / 2, ISAE 3402 / SSAE 18, ISAE (UK) 3000 and AAF 01/20.

Irene Sellars

Partner, Head of Controls Assurance

KPMG in the UK

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KPMG Controls Assurance Benchmarking Report 2024

This report examines trends and patterns related to important aspects of Controls Assurance reporting and provides insight for organisations to considers in their own assurance reporting journey.

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Why Choose Controls Assurance?

Do you offer outsourced services, such as technology, payroll, HR or investment management?
Do you manage large amounts of customer data?
Are data security, availability, privacy or processing integrity important to your business operations?
Are you required to demonstrate a strong control environment?

If the answer to any of these questions is ‘yes’, then Controls Assurance could benefit your business.

Benefits of Controls Assurance

Peace of mind:

We’ll help you exceed the ever-rising third-party assurance bar.
A risk-aware culture:

We’ll help you to enhance staff awareness of risk and controls, and continually drive improvements for you and your customers.

A competitive edge:

Controls Assurance puts you on the front foot when bidding to prospective customers.
Customer reassurance:

Controls Assurance streamlines the process of meeting due diligence and audit requests – giving confidence to customers and prospects, and reducing audit fatigue.

Our Controls Assurance experience

Our UK team of over 600 specialists issues more than 150 Controls Assurance reports each year – and KPMG produces 2,000-plus reports worldwide.

We work with clients of all shapes and sizes, in sectors including:

Payment
HR and payroll
Financial services (including FinTech)
Technology
Public sector
Health
Private enterprises

By working with KPMG, you’ll benefit from our many years of working with organisations globally and locally. This experience enables us to tailor our approach to your business’ Controls Assurance requirements, ensuring that your assurance project is a success.