Background: In preparation for its SOC 1 review, this CTS Impact client needed to develop its approach and prepare for its subsequent review.
CTS Impact Solution: Led by a CTS Impact Project Manager with deep financial services experience, the following services were provided. As a result, this client received a clean Type 2 report.
- Perform risk assessment to identify key controls
- Documentation of key controls and underlying processes
- Pre-audit test plan development
- Perform testing to identify areas of exposure
- Remediation of control gaps
- Liaison to Big 4 external auditors