How can a SOC audit increase profits?
Many organisations focus primarily on their core competencies and outsource the rest. Common examples include payroll administration and technological infrastructure. Dependence on these services is increasing as many industries and businesses become interconnected.
Several stakeholders examine SOC reports. When a SOC audit report appears ‘correct,’ it distinguishes an organisation from its competitors and can provide operational credibility. Stakeholders mainly look at the following variables:
- Assurance over security activities
- Availability
- Processing integrity
- Confidentiality
- Privacy
Investing in a SOC audit offers advantages. Organisations not only retain more customers but can also attract new ones. Consequently, this can lead to maintaining or even increasing profits.
To achieve a successful SOC audit, an organisation must have an efficient operational environment. This allows the organisation to perform effective controls. Some organisations may need to do a lot of work to achieve a successful SOC audit. This is often because not only a small part of the environments needs to be adjusted, but entire environments may need to be redesigned. This is often the turning point where many organisations lose focus. They forget the value a SOC audit can bring, which is why it is important for organisations to maintain an investment focus.
Securance can assist with this. Risklane offers services in governance, risk, and compliance. Since 2014, Securance has been the market leader and most innovative organisation regarding ISAE 3402 implementation and certification. In addition to ISAE 3402, we offer services for ISAE 3000, GDPR/AVG, ISO 27001, ISO 9001, and COSO ERM
