Why SOC Compliance is Important when Choosing Financial Reporting and CPM Solutions
What is SOC? System and Organization Controls, commonly referred to as SOC, are typically reports issued by independent auditors documenting a company’s internal controls. SOC reports typically cover areas that are likely to be relevant during an audit of a customer’s security processes, availability, financial statements and one or more of the AICPA trust services principles, including: processing integrity, privacy availability, and confidentiality, A vendor’s SOC reporting
