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A SOC report evaluates internal controls for an outsource service provider. Various standards and frameworks define these controls. SOC audits are related to audits that evaluate an organization's controls over its systems, particularly in areas like data security, availability, processing integrity, confidentiality, and privacy. They serve as a standard for providing assurance to customers, stakeholders, and other interested parties about the effectiveness of an organization's internal controls. 

The COSO Framework is a comprehensive model used for designing, implementing, and evaluating internal controls within organizations to manage risk and achieve objectives. COSO stands for the Committee of Sponsoring Organizations of the Treadway Commission, and it is primarily focused on improving organizational governance, risk management, and fraud prevention.

Please join this webinar to see how to know how these standards and COSO frameworks integrates into SOC controls. 

SPEAKER

PPragya Pranati

VP – Risk Advisory ServicesRiskpro India