NDB also has built a highly efficient, lockstep process for SOC 2 audits for North Carolina businesses that consists of the following:
1. SOC 2 Scoping & Readiness Assessment. Want to avoid the dreaded “scope creep” and associated cost overruns, then conduct a SOC 2 readiness assessment from a reputable CPA firm, one that provides true insight and value into your internal control environment. NDB’s SOC 2 readiness assessment examines a service organization’s internal control environment, related policies and procedures, and much more. When done correctly, a SOC 2 readiness assessment is extremely valuable. Additionally, another benefit of NDB’s SOC 2 readiness assessment for North Carolina businesses is identifying what businesses processes are included for the audit, what physical locations, and the supporing personnel – all of which are significant items that require examination and confirmation. After all, “cost-containment” is essential for today’s compliance audits, and a readiness assessment helps achieve this.
2. SOC 2 Remediation & Implementation. Once the gaps and deficiencies are found – and very company has them – it’s time to roll up the sleeves and begin remediating all findings, which often means developing comprehensive documents and strengthening internal control activities. NDB provides complimentary SOC 2 Policy Packet documents to each of our valued clients, helping them save thousands of dollars and hundreds of hours on critical remediation issues. Additionally, NDB provides onsite assistance for assisting with strengthening and formalizing internal controls, ranging from general I.T. issues to daily operational best practices.
3. SOC 2 Testing and Compliance. While SOC 2 Type 1 assessments are for a specific date in time, such as August 27, 20xx, SOC 2 Type 2 reporting encompasses what’s known as an actual test period – generally six (6) months. Many service organizations begin by conducting a SOC 2 Type 1, then move towards annual SOC 2 Type 2 compliance, so speaking with a well-qualified CPA firm that’s been providing years of service to Charlotte, Raleigh | Durham, North Carolina businesses is smart move.
4. Report Issuance. Once the heavy lifting and hard work has been done by both NDB and your internal personnel, the next step is putting together all the pieces of the puzzle for drafting the SOC 2 report. This means putting the documentation through an incredibly extensive quality assurance program, and once that’s complete, it’s time to move forward with an official closing meeting and discuss all administrative items for effectively “closing out”” the audit for the current year.
SOC 2 Type 1 & Type 2 Audit Reports | Charlotte, Raleigh, North Carolina