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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 …
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 …
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?