Enhancing the Value of SOC Reports During a Pandemic

Featured in Today’s CPA, Partner-in-Charge of IT Advisory Services, Neha Patel, discusses the value of SOC reporting as a critical communication tool to maintaining and strengthening third-party vendor relationships. 

• “As in any successful relationship, communication is key. Businesses and the companies that provide their outsourced services need to be able to effectively communicate with each other so that there is a shared understanding of how changes in the marketplace may impact risk management, expected commitment and overall operations. As businesses and their service organizations adapt to the realities of the pandemic, they can use a System and Organization Controls, or SOC, report to maintain and strengthen overall operations.”

© 2021