.webp?width=2169&height=526&name=Compass%20regular%20transparent%20website%20(1).webp "Compass IT Compliance Logo")
-1.webp?width=2169&height=620&name=Compass%20regular%20transparent%20website%20smaller%20(1)-1.webp "Compass IT Compliance")
The Importance of SOC 1 Reports in 401(k) Audits
by Jerry Hughes on November 22, 2024 at 12:00 PM
401(k) plan administrators manage crucial financial transactions, including contributions, distributions, loans, and account reconciliations. Errors or fraud in these activities can have significant financial implications for plan sponsors (employers) and participants (employees). A S …
Year-End Audit Crunch: Preparing for SOC 2 When Everyone Else Is
by Jerry Hughes on November 13, 2024 at 4:46 PM
As the calendar edges toward year-end, companies everywhere ramp up their efforts to complete their SOC 2 compliance audits. This time of year often brings a rush to get SOC 2 attestation ready, and for those with ambitious end-of-year goals, timing and preparedness become critical. W …
What Happens if You “Fail” a SOC 2 Examination?
by Jerry Hughes on October 25, 2024 at 9:43 AM
We understand that the SOC 2 audit process is a complex and vital step for businesses looking to demonstrate their commitment to data security, privacy, and trust. But what happens if you “fail” a SOC 2 examination? What does failure even mean in this context?
What Is a SOC 2 Bridge Letter?
by Jerry Hughes on October 22, 2024 at 2:45 PM
In today’s business environment, trust and transparency are components of building lasting relationships with clients and stakeholders. As organizations turn to third-party vendors and service providers, demonstrating compliance with industry standards has never been more crucial. One …
SOC 2 vs. C5 Compliance: A Comprehensive Guide
by Jerry Hughes on October 21, 2024 at 1:03 PM
As organizations increasingly rely on technology to manage sensitive information, compliance with industry standards becomes paramount. Two prominent frameworks that help organizations demonstrate their commitment to security and privacy are SOC 2 and C5. While both aim to establish t …
The Value of Penetration Testing in SOC 2 Audits
by Jerry Hughes on October 18, 2024 at 10:00 AM
Where data breaches and cyber threats have become increasingly common, organizations adopt robust security measures to protect their sensitive information. For businesses seeking SOC 2 compliance, penetration testing (pen testing) serves as an invaluable tool in assessing and enhancin …