Reviewing each vendor’s SOC (System and Organization Controls) report is a critical due diligence step and is vital in the initial vendor selection stage and the ongoing monitoring stage. SOC [...]
If you’re a regulated organization, you likely already understand that you should be asking many of your vendors for a SOC report, especially your critical or high risk vendors.
A bridge letter, also known as a gap letter, is made available by the service organization (your vendor) to cover a period of time between the reporting period end date of the SOC report and the [...]
Requesting a SOC report from your vendor is an important step to validate that the proper controls are in place at that company, and if not, to give you the opportunity to request your vendor [...]
Recently, as part of our Venminder Thought Leadership series, I had the opportunity to speak with Mike Morris at Porter Keadle Moore (PKM). In this series we speak with the industry’s sought-after [...]
You're required to collect SOC Reports on your vendors. So, once you've determined which SOC report you need, make the request and receive it back...what's the next step? We'll explain now.
We had SAS 70, then SSAE 16... now SSAE 18 will be making an entrance in May of this year. SSAE 18 is a little different, so we’ve outlined some key points for you below to assist with your [...]