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We offer tailored solutions — whether private company or owner; public or private fund, adviser or fund service provider; or Fortune 1000 enterprise. Learn how we can help you.

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Assurance Services

SOC Readiness & Compliance

Building Trust Through Service Organization Controls (SOC) Reporting

Service organization controls (SOC) reports — SOC 1 and SOC 2 — deliver a recognized level of assurance regarding a service organization’s internal controls, establishing or enhancing credibility in the eyes of customers and their auditors. Particularly for entities new to SOC reporting, preparation is critical. We have a process in place that will help guide you through a readiness or “gap” assessment to identify areas where controls are missing or need improvement. Specifically, we collaborate with your team to identify and resolve issues in key areas such as organization and management, communications, risk management, monitoring of controls, systems operations and more. Once you’re ready, or in the case of entities accustomed to having SOC examinations performed, we conduct the engagement and issue a comprehensive, reliable report you can take to market. Throughout the entire process, our goal is to help you improve the operational excellence of your business and build trust with your external audiences.

Our highly credentialed team is composed of a compelling mix of accounting and technology experts. We have 40-plus years of auditing experience, deep knowledge of internal control concepts and practices, and undergo continual SOC training through the American Institute of CPAs and various state CPA societies. Adding to our expertise is a long list of IT specializations, including Microsoft Certified Professionals and CompTIA Security + Certified Professionals, for example. We also offer specialized knowledge in practices and procedures surrounding cryptography/cryptocurrencies, cloud-based environments, physical and logical security, and program change controls.

Our SOC Services

We have conducted readiness assessments, and SOC 1 and SOC 2 engagements for service organizations that include:

  • IT Managed Services

  • IT Colocation Centers

  • Health Care Claims Management & Processing

  • Product Benefit Administration

  • Third Party Administration for Pension Plans, Mutual Funds & Hedge Funds

  • Digital Asset Custodians

  • Blockchain Data Systems

  • Platform as a Service (PaaS) Providers

Meet Our Leadership

Steve Guarini, CPA

Partner, Assurance
sguarini@cohencpa.com
586.541.7736

In-Depth: SOC Toolkit

Your Guide to Navigating SOC Reports

Whether you are in the process of preparing for a SOC exam or are simply considering one, find resources to help you better understand these reports and your role within them.

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Related Insights

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The 2 Questions (and More) Your Company Should Be Asking About Internal Controls and Fraud During COVID-19

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