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Technology, Risk & Compliance

Sharing data and information with customers, business partners, and suppliers is the new normal in today’s business world. However, with the benefits of sharing comes a fair amount of risk. Although a company can shift accountability to service organizations, management is still accountable for ensuring appropriate controls are in place to protect an organization’s reputation.

Which SOC report is right for you?

In this case, a service organization is defined as: an entity that provides services to a user organization that is a core business function for your business as part of the user entity’s information system. A vendor/trading partner is defined as an entity that provides products or services that are not part of the core business process of the user entity.

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