NDB is Texas’ leading provider of SOC 2 audits & assessments, offering fixed-fee services to businesses located in Austin, Dallas, Houston, San Antonio.
With years of performing regulatory compliance audits for Texas service organizations, NDB has developed an incredibly efficient, cost-effective, and highly scalable auditing process that’s simply second-to-none.
Additionally, we offer a wide variety of supporting services, such as SOC 2 readiness assessments, SOC 2 remediation services, our SOC 2 documentation templates, along with numerous other solutions. Call and speak with CPA Christopher Nickell at 1-888-447-2209, ext. 701 today to learn more about NDB's SOC 2 audit services for Texas businesses.
Introduction to SOC 2 Audits for Texas Businesses
For Texas businesses new to SOC 2 compliance – or are simply looking for additional best practices – take note of the following information regarding SOC 2 Type 1 and SOC 2 Type 2 audits, courtesy of NDB:
Know the Differences between SOC 2 Type 1 and SOC 2 Type 2 Audits: A SOC 2 Type 1 audit is essentially an assessment performed for a certain date, such as August 31, 20xx. There is no testing of operating effectiveness of controls, rather, just an inquiry and assessment of them. As for a SOC 2 Type 2, such assessments are generally performed over a six-month test period, such as March 1, 20xx to August 31,20xx, and controls are tested for operating effectiveness.
The Importance of Performing a Scoping & Readiness Assessment: Here’s a great piece of advice you can take from compliance auditors who’ve been performing regulatory audits for decades; perform a SOC 2 scoping & readiness assessment prior to the audit, and especially if you’re new to the world of regulatory compliance. Why? Because you need to understand and assess a number of highly important issues, such as scope boundaries, gaps and weaknesses within your internal control environment, what are the next steps for compliance, and much more?
In short, a SOC 2 scoping & readiness assessment is invaluable process when it comes to auditing, so talk to NDB about the next steps. Sure, you can save a few dollars by not performing a SOC 2 scoping & readiness assessment, but in the long run, it will undoubtedly cost you more time and money due to the effort required for correcting issues not addressed prior to the assessment itself.
Policies and Procedures are Essential for Compliance: Once the SOC 2 scoping & readiness assessment is successfully completed, you’ll have a list of “to do” items, initiatives which require immediate attention for correcting gaps and weaknesses within your control environment, and this is where you’ll need to get serious about your SOC 2 audit.
Specifically, most companies will have notable deficiencies in policies and procedures – why – because organizations never find the time to correctly develop all necessary I.T. policy documents. Luckily, NDB offers a comprehensive documentation that’s complimentary to all of our Texas clients, ultimately helping save a tremendous amount of time and money on much-needed compliance documentation.
Technical Remediation is Important: Do you have best practices in place for provisioning your information systems? Are you access control processes and data backup procedures well-defined with all necessary controls in place? These are just a few of the areas that Texas service organizations often find they need to remediate for purposes of creating a stronger, more mature internal control environment.
NDB can assist as we offer numerous hardening forms and checklists for helping businesses put in place best practices needed in today’s growing world of cybersecurity threats and challenges. Our expert staff can provide the necessary guidance for ensuring your internal controls have been properly corrected as necessary for SOC 2 compliance.
Assessing Third-Party Vendors is a Must: Many Texas service organizations undergoing annual SOC 2 assessments actually outsource services to other businesses, thus the issue of “subservice organizations” often comes into scope. If these subservice organizations are providing critical services that are material to your audit, an examination of the subservice organization’s internal controls will need to be assessed.
Many times, subservice organizations have their own annual compliance report – such as an SSAE 18 SOC 1 or a SOC 2 audit report – after all, they may be considered a subservice organization in your business model, but may very well be a direct service organization to their clients.
Continuous Monitoring is Critical: Long after the auditors have gone and you’ve received your service auditor’s report – your SOC 2 report, that is – you’ll need to be thinking about the best way for continuously monitoring your internal controls, something that every business should be doing out of best practice, regardless of regulatory compliance mandates.
The concept of “continuous monitoring” entails assessing, safeguarding and improving upon your internal controls as needed – something NDB can assist with – so it’s just another reason to consider our firm when looking for a proven CPA firm in Texas. When performed correctly, “continuous monitoring” helps safeguard your control environment, while also greatly aiding in your annual SOC 2 audit processes.
Why Consider NDB? Because we’ve been one of Texas’ leading firms when it comes to offering high-quality, fixed-fee regulatory compliance audits and assessments for businesses in Austin, Dallas, Houston, and San Antonio. Wherever your business is located in the Lone Star State, we’re there to offer you high-quality, fixed-fee assessments for all of today’s growing regulatory compliance needs, from SOC 1 SSAE 18 audits to SOC 2 compliance, SOC 3 assessments, PCI DSS certification, HIPAA compliance, HITRUST compliance, and so much more.
Today’s businesses climate is one completely inundated with regulatory compliance provisions and mandates, so talk to the experts at NDB about our service and how we can help you succeed. If your business is located in Austin, Dallas, Houston, or San Antonio, then let’s talk.
Texas’ Leading Provider of SOC 2 Audits