NIST AI Risk Management Framework Explained
by Jerry Hughes on December 20, 2024 at 11:00 AM
Artificial intelligence (AI) is transforming industries, but with its rapid adoption come risks that organizations must address to ensure safe and ethical use. The NIST Artificial Intelligence Risk Management Framework (AI RMF), developed by the National Institute of Standards and Tec …
10 Common Myths About SOC 2 Audits Debunked
by Jerry Hughes on December 18, 2024 at 1:00 PM
SOC 2 audits play a pivotal role in helping businesses showcase their dedication to safeguarding data and building trust with customers, partners, and stakeholders. However, misconceptions about the process often give rise to confusion, unwarranted stress, and inefficiencies that can …
Why Year-End is the Perfect Time for Your SOC 2 Audit
by Jerry Hughes on December 13, 2024 at 3:06 PM
Conducting SOC 2 audits at year-end has strategic advantages, especially for companies looking to showcase a strong commitment to data security. For organizations, focusing on year-end audits can serve as a powerful differentiator. Here are five compelling reasons why year-end is a pe …
Your SOC 2 Audit Is Complete – What Comes Next?
by Jerry Hughes on December 11, 2024 at 1:00 PM
Congratulations on achieving SOC 2 compliance! At Compass, we understand the effort it takes to meet the rigorous Trust Services Criteria and successfully navigate the audit process. Securing your SOC 2 attestation is a significant milestone, demonstrating your organization’s commitme …
What Is a SOC 1 Audit? A Guide to the Report
by Jerry Hughes on December 5, 2024 at 4:18 PM
When it comes to demonstrating trust and reliability to clients, few tools are as powerful as a SOC 1 report. These reports play a pivotal role in showcasing an organization’s commitment to safeguarding financial data and maintaining robust internal controls.
Why SOC 1 and SOC 2 Are Essential for Venture Capital (VC) Firms
by Jerry Hughes on November 27, 2024 at 9:36 AM
For venture capital (VC) firms, maintaining compliance and robust security across portfolio companies is essential to reducing risks and driving long-term value. SOC audits and tailored security assessments provide a structured approach to managing financial accuracy, regulatory deman …