Integrating additional standards into SOC 2+ audits

A SOC 2+ audit provides a solid framework for evaluating an organization’s information security controls. However, as technology and the business environment evolve, there is a growing need to incorporate additional standards to improve the accuracy and effectiveness of audits. This article explores how organizations can integrate additional standards into SOC 2+ audits to meet new risks and stakeholder expectations.

Expanding the scope of SOC 2+ audits

Traditional SOC 2 audits focus on five trust service criteria: security, availability, processing integrity, confidentiality, and privacy. While these provide a solid foundation, today’s business environment often requires a more holistic approach.

Integrating additional standards enables organizations to adapt SOC 2+ Audit Specific industry requirements, regulatory requirements, or unique operational risks. This personalization enables a more accurate assessment of an entity’s control environment and provides greater assurance to stakeholders.

By expanding the scope of the audit, a company can demonstrate its commitment to excellence beyond standard compliance requirements. This proactive approach can Improves credibility, builds trust with customers and partners, and potentially creates a competitive advantage In the market.

Key aspects when choosing additional standards

When selecting additional standards for a SOC 2+ audit, organizations should carefully consider several factors. The adequacy of the business model and specific risks is crucial industry. For example, a healthcare technology provider might incorporate HIPAA compliance standards, while a financial services company might focus on elements of the FFIEC IT Research Handbook.

Another important aspect is adapting to stakeholder expectations. This includes understanding the specific concerns of customers, regulators, and other key parties. Conducting a stakeholder survey or analysis can provide valuable guidance on which additional standards would be most beneficial.

Organizations should also assess the feasibility of implementing and maintaining the new standard on an ongoing basis. This involves evaluating the resources required, the potential impact on the business, and the organization’s ability to maintain compliance over the long term.

Examples of Additional Criteria for SOC 2+ Audits

Several types of additional standards can be integrated into a SOC 2+ audit to expand its scope and value. Industry-specific standards are common additions. For example, payment processors can incorporate PCI DSS requirements, while cloud service providers can incorporate elements of the CSA STAR program.

Regulatory compliance frameworks often serve as valuable additional criteria. GDPR controls for organizations that process EU citizen data, CCPA for organizations that process California residents’ information, and elements of the NIST Cybersecurity Framework for critical infrastructure providers are perfect examples.

Some organizations choose to incorporate standards related to new technologies or operating models. This may include controls specific to artificial intelligence and machine learning systems, blockchain technology, or remote work environments. By addressing these areas, companies can demonstrate foresight and comprehensive risk management.

Strategies for Implementing an Enhanced SOC 2+ Audit

Successfully integrating additional standards into a SOC 2+ audit requires a structured approach. You should start with a gap analysis to identify areas where existing controls may not meet the new standards. This assessment will guide the development of an implementation plan.

Involve key stakeholders early on. This includes not only internal teams such as IT, compliance and legal, but also external auditors. Their input will be invaluable in ensuring that additional standards are appropriately defined and aligned with audit objectives.

Consider a phased implementation approach, especially if you are integrating many new standards. This allows for manageable changes and provides an opportunity to refine the process before full adoption. Regular monitoring and feedback loops are crucial Identify and resolve any challenges that arise during implementation.

Summary

Integrating additional standards into a SOC 2+ audit provides organizations with a strategic opportunity to strengthen their security posture and demonstrate comprehensive risk management. choose By implementing appropriate standards, companies can create a stronger assurance framework that responds to changing business needs and stakeholder expectations. Although this process requires careful planning and implementation, The benefits of increased security, increased trust, and potential competitive advantage make it a worthwhile endeavor For forward-thinking organizations.

This article was written in collaboration with BW Advisory Sp. z oo