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System and Organization Control (SOC)

SOC assessment - the methodology of AICPA under the SSAE 18

SOC 1 & 2, ISAE 3402 & 3000 Standards

Widely recognized as the gold standard for system and organizational controls, these frameworks provide assurance to stakeholders regarding the security and sustainability practices of a company. Service providers must distinguish themselves in a competitive market, and demonstrating robust internal controls is essential for showcasing operational effectiveness.


Originally developed by the American Institute of Certified Public Accountants (AICPA), these standards include assessments and reporting services designed to ensure the responsible management of customer data. They offer a comprehensive set of criteria to help organizations evaluate their security preparedness and overall system effectiveness, fostering trust and transparency in business operations.

SOC reports come in two primary types: SOC 1, which focuses on financial reporting controls, and SOC 2, which assesses how securely a company handles data. SOC 2 specifically addresses all aspects of data security, including people, processes, infrastructure, and software.

Transparency and trust are essential to stakeholders in any organization. With the increasing importance of risk management today, businesses invest significant time and resources to ensure they can provide this assurance.
SOC certification streamlines this process, offering a single assessment that provides all necessary information for stakeholders. This not only saves time by eliminating lengthy audits and vendor questionnaires but also reduces compliance costs.
SOC reporting enables businesses to create a flexible reporting system that meets market requirements, addresses organizational risks proactively, and enhances trust and transparency with stakeholders.

Applicability of SOC

ISO 55001:2014 is especially relevant for industries that are heavily reliant on assets and require substantial capital investments. Businesses with significant physical assets and high fixed costs greatly benefit from this certification. These industries include utilities, manufacturing (both heavy and lightweight), construction, and property management. Additionally, organizations operating factories or owning expensive machinery also find this standard essential for efficient asset management and operational excellence.