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Readiness Assessment

A SOC readiness assessment from Focal Point Assurance sets you on the path to a successful SOC 1, 2 or 3 examination. Our assessment provides your organization with a gap analysis and roadmap to compliance, giving you the insight needed to prepare for your examination.

Our Approach

Our SOC readiness assessment allows you to identify where controls need to be implemented or improved, so you can properly scope your service audits and prepare for the examination.

Focal Point SOC appraoch

 

  • Scope the System – Focal Point Assurance can help your organization determine which Trust Service Principles or financial controls should fall within the scope of your audit, based on the expectations of customers and other stakeholders.
  • Identify Relevant Criteria and Risks – We work with your management team to identify the criteria associated with each Trust Services Principle or financial control and their related risks.
  • Assess Control Design – We interview your management team to identify what controls are in place to mitigate your risks and review control documentation to evaluate control design.
  • Identify Missing or Ineffective Controls – During the design assessment, we also note any missing or poorly designed controls.
  • Report – We provide a detailed listing of control design observations as well as a roadmap for remediating missing or ineffective controls, so your management team can implement the necessary remediation steps.

Benefits of a SOC Readiness Assessment

A SOC readiness assessment will provide you with an independent evaluation of your current control structure so your management team can make informed decisions about your control objectives and prepare for a successful SOC examination. Additional benefits include:

  • Familiarize your staff with the SOC 1, 2 or 3 exam methodology
  • Provide management an opportunity to address deficiencies and/or gaps prior to the actual audit
  • Receive guidance from qualified professionals regarding the impact of changes to controls that may affect the result of the upcoming audit
  • Refine the scope and draft a description of the controls in advance of the audit
  • Prevent unexpected findings during the audit and dramatically improve the likelihood of a successful examination

 

Burke & Associates CPAs, LLP d/b/a Focal Point Data Risk Assurance (“Focal Point Assurance”) is a partner-owned, independent CPA firm licensed in Florida that performs audit, review and other attest services to clients in a variety of sectors.  Focal Point Assurance operates in an alternative practice structure with Focal Point Data Risk, LLC, a professional services firm.  Through separate and independent legal entities, Focal Point Assurance and Focal Point Data Risk, LLC work closely together to serve clients’ business needs.  Focal Point Data Risk, LLC and its affiliated advisory companies are not licensed CPA firms.  Focal Point Assurance and Focal Point Data Risk, LLC are member firms of Focal Point, an affiliation of separate and independent legal professional services firms.  “Focal Point” is the brand name for the Focal Point network.  Any services described herein are provided by Focal Point Assurance or Focal Point Data Risk, LLC (as the case may be) and not by any other member firm of Focal Point.  No member firm of Focal Point has any liability for services provided by other member firms. 

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