.webp?width=2169&height=526&name=Compass%20regular%20transparent%20website%20(1).webp "Compass IT Compliance Logo")
-1.webp?width=2169&height=620&name=Compass%20regular%20transparent%20website%20smaller%20(1)-1.webp "Compass IT Compliance")
NIST AI Risk Management Framework Explained
by Jerry Hughes on December 20, 2024 at 11:00 AM
Artificial intelligence (AI) is transforming industries, but with its rapid adoption come risks that organizations must address to ensure safe and ethical use. The NIST Artificial Intelligence Risk Management Framework (AI RMF), developed by the National Institute of Standards and Tec …
Why Year-End is the Perfect Time for Your SOC 2 Audit
by Jerry Hughes on December 13, 2024 at 3:06 PM
Conducting SOC 2 audits at year-end has strategic advantages, especially for companies looking to showcase a strong commitment to data security. For organizations, focusing on year-end audits can serve as a powerful differentiator. Here are five compelling reasons why year-end is a pe …
What Is a SOC 1 Audit? A Guide to the Report
by Jerry Hughes on December 5, 2024 at 4:18 PM
When it comes to demonstrating trust and reliability to clients, few tools are as powerful as a SOC 1 report. These reports play a pivotal role in showcasing an organization’s commitment to safeguarding financial data and maintaining robust internal controls.
The Importance of SOC 1 Reports in 401(k) Audits
by Jerry Hughes on November 22, 2024 at 12:00 PM
401(k) plan administrators manage crucial financial transactions, including contributions, distributions, loans, and account reconciliations. Errors or fraud in these activities can have significant financial implications for plan sponsors (employers) and participants (employees). A S …
Year-End Audit Crunch: Preparing for SOC 2 When Everyone Else Is
by Jerry Hughes on November 13, 2024 at 4:46 PM
As the calendar edges toward year-end, companies everywhere ramp up their efforts to complete their SOC 2 compliance audits. This time of year often brings a rush to get SOC 2 attestation ready, and for those with ambitious end-of-year goals, timing and preparedness become critical. W …
What Happens if You “Fail” a SOC 2 Examination?
by Jerry Hughes on October 25, 2024 at 9:43 AM
We understand that the SOC 2 audit process is a complex and vital step for businesses looking to demonstrate their commitment to data security, privacy, and trust. But what happens if you “fail” a SOC 2 examination? What does failure even mean in this context?