SOC 2 Risk Assessment – a Strict Requirement for SOC Reporting

SOC 2 Risk Assessment – a Strict Requirement for SOC Reporting 

Performing a risk assessment for SOC 2 compliance is an essential reporting requirement that must be undertaken. Any reputable CPA firm hired to perform a SOC 2 assessment will no doubt inform you of this requirement early on in the SOC 2 auditing process. With that said, here’s what you need to know about risk assessments in terms of SOC 2 reporting, compliments of NDB, one of North America’s leading providers of SOC 2 and other related compliance services.

Performing a Risk Assessment is a Strict Mandate for SOC 2 Compliance: From PCI DSS compliance to SOC 1 and SOC 2 audits, HITRUST, and more, performing a risk assessment is a must. When undertaking SOC 2 compliance with NDB, service organizations will receive a complimentary SOC 2 risk assessment program that’s quick and easy to complete, yet also comprehensive.

Why spend thousands of dollars on expensive risk assessment consultants and software? It’s not needed, just turn to NDB for a proven SOC 2 process, and one that includes a SOC 2 risk assessment program. It’s all part of NDB’s fixed-fee pricing. Contact Christopher Nickell, CPA, today at This email address is being protected from spambots. You need JavaScript enabled to view it. to learn more, or call him at 1-800-277-5415, ext. 706.

Scoping for a Risk Assessment is Critical: There are approximately sixteen (16) categories of risk that can be looked upon when deciding on how comprehensive one’s actual risk assessment process should be. From information security risks to market risks, credit risks, country risks – and more – determining which categories to include are important. NDB has spent years performing risk assessments – and helping organizations determine what the scope should be for such an exercise. Contact Christopher Nickell, CPA, today at This email address is being protected from spambots. You need JavaScript enabled to view it. to learn more, or call him at 1-800-277-5415, ext. 706.

With NDB, we’ve developed an industry leading risk assessment template that saves organizations dozens of hours and thousands of dollars on performing risk assessments. Don’t turn to high-priced consultants – they’re not needed – just turn to the experts today at NDB.

NDB. North America’s Regulatory Compliance Leader

From coast to coast, organizations trust NDB as their go-to provider for all things related to regulatory compliance. NDB offers SOC 1, SOC 2, PCI DSS, HIPAA, and HITRUST i1 and r2 validated assessments all throughout North America. Additionally, we offer fixed-fees for all of our security, governance, and compliance services and solutions. Contact Christopher Nickell, CPA, today at This email address is being protected from spambots. You need JavaScript enabled to view it. to learn more, or call him at 1-800-277-5415, ext. 706.