SOC Compliance readiness check

This service is designed to evaluate your organization's readiness to meet the Service Organization Control (SOC) standards and helps in optimizing your use of Microsoft 365.

Description

SOC compliance is a set of standards created by the American Institute of Certified Public Accountants (AICPA) to assess an organization's internal controls over financial reporting. Our SOC compliance readiness check allows you to identify potential issues and gaps within your controls and policies, ensuring they align with SOC standards before undergoing an official SOC audit. This not only minimizes the risk of non-compliance but also demonstrates your dedication to safeguarding customer data and maintaining robust internal controls while enhancing your Microsoft 365 usage. This service not only ensures your readiness for SOC compliance but also integrates seamlessly with Microsoft 365, extending its usage by enhancing data security and internal controls, ultimately improving your organization's overall productivity and efficiency within the Microsoft 365 ecosystem.

IT Partner Responsibilities

• Identify the services or systems requiring SOC compliance.
• Review your existing controls and policies, assessing their SOC standards alignment.
• Identify and document gaps or risks in your controls and policies.
• Develop a comprehensive remediation plan.

Client Responsibilities

• Appoint a dedicated point of contact to collaborate with IT Partner.
• Provide temporary access to your existing environment and IT Infrastructure.

Additional Cost Items Not Provided by the Project

Implementation of recommendations.

Plan

• Kickoff meeting.
• Define systems and processes within the scope of the SOC report.
• Outline control objectives for each system and process, documenting existing controls, policies, procedures, and other relevant documentation.
• Identify weaknesses and gaps in the controls and create a plan for addressing them.
• Implement the action plan to enhance controls.
• Continuously test control effectiveness.
• Generate a SOC report detailing monitoring and testing results.
• Follow-up and closure discussions.

Success Criteria

Identification and resolution of potential control and policy issues before an official SOC audit. Well-prepared organization for a SOC compliance readiness check, enhancing Microsoft 365 usage and maintaining SOC compliance.

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Email us at sales@o365hq.com

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