Service Organisation Control Reports

SERVICE ORGANISATION CONTROL (SOC) REPORTS WITH HELP FROM BDO  
As companies seek more convenience, they are outsourcing activities to specialized service providers like property managers, data centers, IT administrators, and payroll agencies. However, this requires mutual trust and transparency to be effective. BDO can help you with Service Organisation Control (SOC) Reports which observe these outsourced agreements.   

Businesses are increasingly outsourcing activities to specialised service organisations such as property managers, datacentres, IT administrators and payroll agencies. which provides convenience for the organisation, but it also requires mutual trust and transparency. The outsourcing party expects agreements made with the other party to be observed. Furthermore, Supervisory Board members more often demand reassurance on outsourced tasks. Service Organisation Control (SOC) Reports provide this reassurance.  

SOC reports come in various formats, such as:  

  • SOC 1 which focuses on the design and implementation of financial controls  

  • SOC 2 which additionally focuses on the operating effectiveness of financial controls   

Our approach  
At BDO we can help you with all types of Service Organisation Control Assurance Reports. Together with you, we first identify what type of report suits your service provision best and determine its scope. As a service organisation you subsequently carry out a risk analysis and draw up the control framework. We then check the design and implementation of control measures carried out by your organisation. We then test whether the control measures operated effectively during the report period. Finally, we arrive at an independent assessment and draw up the assurance report that is part of your Service Organisation Control Reports.  

Interested in learning more about the benefits of Service Organisation Control Reports? Call +5999 462 1200 to speak to one of our specialists today.