Service Organization Controls
Ensuring Trust and Transparency in Your Business Operations
At Lakelet Advisory Group, LLC, we specialize in Service Organization Controls (SOC) reporting, offering independent assessments to enhance the trust and transparency of your operations. Our SOC services help businesses comply with regulatory requirements while building confidence with clients by demonstrating effective internal controls.
Service companies that influence another organization’s financial position, data, or security may need an SSAE 18 audit. This audit assures clients that adequate processes are in place to mitigate third-party risks. SSAE 18 has become the standard for service organizations, equating to a "seal of approval" for compliance.
Effective May 2017, SSAE 18 superseded SSAE 16, clarifying requirements for reporting and expanding the scope to include compliance with laws and contractual agreements. Conducting an annual risk assessment is now emphasized under SSAE 18.
Compliance with SSAE 18 has become essential due to increased regulations, including HIPAA, Gramm-Leach-Bliley, and Sarbanes-Oxley, which advocate for privacy, accountability, and internal controls.
Why Choose Lakelet Advisory Group?
Expertise in SOC Reporting: Our experienced team ensures compliance with industry standards.
Independent Assessments: We provide objective evaluations to help identify risks and improve operations.
Customized Solutions: Our SOC assessments are tailored to meet your organization’s specific needs.
At Lakelet Advisory Group, we recognize that the integrity of your services and client trust rely on effective internal controls. Our SOC reports deliver valuable insights to enhance your organizational transparency and accountability.
Contact us to schedule a consultation and learn how our SOC services can benefit your organization in maintaining high standards of operational excellence and regulatory compliance.