Service Organization Control Readiness Reviews

Increase the likelihood of an accurate SOC report.

Organizations that are well-prepared for a Service Organization Control (SOC) engagement are less likely to receive surprising qualifications on their auditor’s report. A preliminary SOC readiness review by McGladrey can better prepare and inform you of the actions necessary for a successful SOC engagement. A successful review will greatly increase the likelihood of a SOC report that accurately reflects the controls and operations you would like to provide to your users.

Quick-hitting, high-level review
Our experienced professionals offer a quick-hitting, high-level review of general computer (operations, logical and physical access, systems development and change control), application and business process controls. The results of this review provide a road map for procedures, controls and documentation that should be in place before the formal SOC engagement. We find that a preliminary SOC readiness review is the most efficient way to help a company prepare for the SOC attestation engagement.

At the end of our SOC readiness review, you receive a report with practical, detailed recommendations rated for relative risk associated with the current situation and degree of difficulty to implement. These ratings help management establish priorities and understand the risks that may exist. We also provide exhibits that support our findings and recommendations.

Who benefits from our review
Our SOC readiness review may be most helpful to organizations preparing for their first SOC attestation engagement. However, organizations that have gone through the SOC process before often choose to take advantage of a preliminary review to identify potential high-risk areas that may have surfaced since their last SOC engagement. A follow-up review can result in greater efficiencies during their next SOC engagement.

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