Meeting Data Governance and Compliance Standards

In today’s increasingly connected business landscape—where data governance and compliance standards continue to rise—offering an independent assessment of a service organization’s internal processes and controls has become a fundamental requirement. A System and Organization Controls (SOC) report is a key element in delivering this independent assurance to user entities.

Benefits of SOC Reports

• Obtaining a SOC report offers numerous advantages, including:

• Meeting client, contractual, and regulatory obligations.

• Staying relevant and competitive through proactive integration of SOC reporting.

• Identifying and addressing system weaknesses, thereby reducing risk.

• Minimizing the repetition and time commitment typically associated with multiple client audits.

• Supplying independent assurance on the ongoing reliability and integrity of internal processes and controls.

See which SOC report is right for you.

Readiness Assessment

Before initiating a formal audit, we conduct a readiness assessment to identify and address control gaps. This typically involves:

• Defining your organization’s key client commitments.

• Validating control objectives and determining the relevant system boundaries (infrastructure, software, and procedures).

• Assessing critical controls to highlight improvement areas before the audit.

• Offering recommendations based on industry-leading practices to strengthen your control environment.

• Providing insights and guidance on implementing the right processes, procedures, and controls in preparation for the audit.

Description of the system (DoS)

As your independent auditor, we can provide valuable guidance in how to draft the DoS, a cornerstone element of your SOC 2 report. We help ensure that the description accurately reflects your organization’s processes, controls, and boundaries, capturing the key operational details needed to meet compliance requirements and align with relevant Trust Services Criteria. By working closely with your team, we provide advice that allows you to prepare a clear, comprehensive, and well-structured narrative that forms the foundation for your SOC 2 report.

Audit

Once any identified control deficiencies are remediated and your DoS is finalized, we coordinate with you to perform the SOC 1 (3416) and/or SOC 2 (or SOC 2+) (Type 1 – at a point in time, Type II – over a period of time) audit. Our team thoroughly evaluates your controls against the relevant Trust Services Criteria, ensuring they meet industry standards and regulatory requirements. This comprehensive, end-to-end approach provides you with a credible third-party assurance report that instills confidence and trust among your stakeholders.

By partnering with Mallette, you gain a trusted advisor committed to guiding you toward best practices, enhancing stakeholder confidence, and helping safeguard and grow your business while meeting evolving standards and regulations.