Providing assurance and confidence is the foundation of any insurance organization. Whether it’s knowing you’ll be able to afford an extended stay at a hospital or knowing that the flood damage in your company’s office building won’t break the bank, insurance organizations exist to bring individuals and businesses peace of [...]

As outsourcing services becomes a more integral component of business operations across many industries, the need for SOC reporting grows. Data protection is of paramount importance in today’s connected landscape, especially when it comes to safeguarding financial statements and other sensitive information. However, the key to understanding and maintaining compliance [...]

As businesses increasingly outsource core functions to service organizations, managers at service organizations are more likely to receive requests for a SOC audit to examine their internal control environment. Choosing between a SOC 1, SOC 2, and SOC 3 report can be a little confusing but understanding the differences between [...]

When a company outsources elements of their operations to a third-party vendor, they take on some level of inherent risk. However, strategic managers want to know exactly how much risk their organization is about to incur. SOC reports exist as a way to differentiate service providers from their competitors by [...]

A topic of increasing importance for many companies has been the question of how to protect valuable data. For organizations that provide services to other businesses, such as Software as a Service (Saas) providers, payroll processing, and medical claims processing, the protection of this data is essential to the continuation [...]

It’s no secret that data is incredibly valuable and data centers with subpar internal controls make it easy for cybercriminals to steal sensitive information. For businesses that rely on third parties to handle and store their data as well as client data, it is essential to receive assurances that the [...]

In an increasingly digital era, more and more organizations have turned to outsourcing key business operations to third-party vendors to increase efficiency and functionality. One essential service is the storage and protection of sensitive data that is incredibly vulnerable and in high demand by cybercriminals. In 2019 alone, there were [...]

As a company grows, the federal requirements for 401(k) plan reporting can change, prompting a partnership with a Certified Public Accountant (CPA) firm. Companies that are experiencing their first large plan audit can be caught unaware and therefore unprepared to undergo a detailed examination of plan compliance, internal controls, and [...]

Today more than ever, companies rely on service providers to streamline day-to-day operations and ensure continued functionality. This is evident through the emergence of cloud computing, data centers, and software-as-a-service (SaaS) organizations. However, with the ease and convenience of these outsourced tasks comes some degree of inherent risk.   A key [...]