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Why VC Firms Need SOC 1 & SOC 2 Reports
by Jerry Hughes on February 24, 2025 at 1:50 PM
For venture capital (VC) firms, maintaining compliance and robust security across portfolio companies is essential to reducing risks and driving long-term value. SOC audits and tailored security assessments provide a structured approach to managing financial accuracy, regulatory deman …
Shifting from a SOC 2 Type 1 Audit to a Type 2 Audit
by Jerry Hughes on February 24, 2025 at 1:44 PM
For organizations striving to showcase their dedication to strong security, availability, processing integrity, confidentiality, and privacy, SOC 2 compliance serves as a vital benchmark. However, progressing from a SOC 2 Type 1 audit to a Type 2 audit requires careful strategic plann …
Aligning Zero Trust Principles with SOC 2 Trust Service Criteria
by Bernard Gallagher on February 11, 2025 at 4:20 PM
Achieving SOC 2 compliance requires organizations to implement rigorous security controls, and adopting a Zero Trust approach can significantly enhance this effort. Zero Trust is built on the principle of “never trust, always verify”, ensuring that access to systems, data, and applica …
When SOC 2 Compliance Makes Sense
by Bernard Gallagher on January 28, 2025 at 3:51 PM
In today’s business landscape, security and trust are paramount. SOC 2 compliance has become a widely recognized standard for demonstrating a commitment to protecting sensitive data and maintaining robust security practices. Whether you’re working with enterprise clients, handling cri …
Understanding SOC 2 Compliance & Vendor Management
by William DePalma on January 24, 2025 at 11:59 AM
SOC 2 (System and Organization Controls 2) is a trusted auditing standard developed by the American Institute of Certified Public Accountants (AICPA). It assesses an organization’s information systems against the Trust Services Criteria (TSC): security, availability, processing integr …
SAS 145 and IT General Controls: What Organizations Need to Know
by Bernard Gallagher on January 13, 2025 at 2:30 PM
The release of SAS 145 (Statement on Auditing Standards No. 145) represents a significant shift in how auditors evaluate and respond to the risks of material misstatements, particularly in complex IT environments. As IT General Controls (ITGCs) underpin key financial processes and rep …