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EasyIT, a leading IT managed service provider headquartered out of Dublin, OH, has today publicly announced their completion of the rigorous and highly selective SOC 2 – TYPE 2 audit examination.
SOC, or System and Organization Controls, are comprised of a full suite of reports produced through official audits and examination on different areas of internal controls and processes. Controls represent all the mechanisms, rules and procedures that ensure the integrity of a company’s financial information, reliable financial reporting and both legal and regulatory compliance.
All SOC audits are conducted by CPA’s that are accredited by the American Institute of Certified Public Accountants (AICPA). This certification is particularly important in response to recent financial industry legislation requiring all vendors of financial institutions to be SOC 2 TYPE 2 certified before being hired.
There are three total SOC reports, labeled SOC 1, SOC 2 and SOC 3.
SOC 1 is an audit on the internal controls used for Financial Reporting.
SOC 2 then, is similar to a SOC 1 audit, but focuses on the internal controls used for what’s called “Trust Services Criteria.” This criteria consists of all internal controls relevant to security, availability, processing integrity, confidentiality and/or privacy.
Finally, SOC 3 reports are generally just a summary of the SOC 2 TYPE 2 report with fewer specifics and detail.
In each of these SOC audit processes, TYPE 1 is applied when a company says they have proper controls in place and TYPE 2 is applied when a company proves the controls in place are effective and work as intended. A SOC 2 TYPE 2 certification is no easy feat considering the large cost involved, the multiple interviews and testing of all employees, and the open, full disclosure of all control practices to guarantee transparency and compliance.
The completion of EasyIT’s SOC 2 TYPE 2 audit comes just over one year after completion of their SOC 2 Type 1 certification and now opens the door for the company as a certified, licensed vendor available to work in all areas of the financial sector.
“The successful completion of our SOC 2 Type 2 examination audit was no small effort,” said Kurt Hoeft, CEO of EasyIT. “We truly believe data and information are one of the most valuable business assets of an organization, and EasyIT is structured to provide the necessary protection to mitigate risks associated with the use and processing of any information collected during business operations.”
SOC audit reports play an important role in showing the oversight of an organization, vendor management programs, internal corporate governance and risk management processes and are used as regulatory oversight.
About EasyIT: EasyIT is a leading managed IT Service Provider based in Dublin, OH. To date, EasyIT has completed over 1.3 million service tickets and has received the Consumer Choice Award five years running. EasyIT is well known for its dedication to proactive solutions, top-notch service, and all-around IT support. EasyIT offers a transparent approach and sterling security culture, offering only the best and most secure IT services. Discover more at https://www.easyit.com/
About the AICPA: AICPA, the American Institute of CPAs, is the world’s largest member association representing the accounting profession. Their history of serving the public interest stretches back to 1887. Today, the AICPA boasts of 431,000+ members in 130 countries and territories, representing many areas of practice, including business and industry, public practice, government, education, and consulting. For more information on this prestigious certification, visit: https://www.aicpa.org/interestareas/frc/assuranceadvisoryservices/aicpasoc2report.html
