Linkedin
Facebook
Email
more
Build customer confidence with independent SOC reporting — RSM Hong Kong helps you prove your controls and win business with clear, trusted assurance.
As more processes and data move to cloud and outsourced service providers, customers, investors and regulators increasingly expect independent assurance over how controls are designed and operated. For many organisations, a System and Organization Controls (SOC) report has become a must have credential to win tenders, satisfy due diligence and respond efficiently to audit and regulatory queries.
RSM helps you understand which SOC report is right for your business, prepare your control environment and obtain high quality reports that clearly communicate your commitment to security, availability and governance.
Why SOC reporting matters
Any organisation that processes, hosts or supports critical services or data for its customers is now part of their extended control environment. Without independent reporting, prospective customers may need to perform their own audits, leading to duplicated effort, inconsistent questionnaires and lost opportunities.
A well designed SOC programme allows you to address these requirements once, in a structured way, and then share the report with many stakeholders. High quality SOC reports can differentiate you from competitors, reduce the burden of individual customer assessments and provide your own management and board with valuable insights into the maturity of your controls.
Our SOC report services
RSM provides endtoend SOC services – from initial scoping and readiness through to ongoing attestation – across a range of report types, including SOC 1, SOC 2 and SOC 3. Whether you are preparing for your first SOC report or looking to enhance an existing programme, our team can support you at every stage.
- High level diagnostic reviews to identify potential control gaps and documentation issues before a formal SOC engagement.
- Detailed readiness assessments that map your existing controls to relevant SOC control objectives or Trust Services Criteria, and develop a remediation roadmap.
- Assistance to draft or refine system descriptions so they clearly explain your services, technology stack and control environment to report users.
- SOC 1 Type 1 and Type 2 engagements focused on controls at service organisations that are relevant to user entities’ internal control over financial reporting.
- Support in defining control objectives, aligning processes and evidence, and managing transition from Type 1 (design and implementation at a point in time) to Type 2 (design, implementation and operating effectiveness over a period of time).
- SOC 2 and SOC 3 reports over controls related to security, availability, processing integrity, confidentiality and privacy, aligned to the AICPA Trust Services Criteria.
- Help to select the most relevant trust services categories based on your services, contractual commitments and regulatory obligations.
- SOC 2 reports for detailed, restricted use assurance and SOC 3 reports for general use, marketing friendly communication of your control environment.
- Multiyear SOC planning, including report cycles, scoping changes and alignment with product or service evolution.
- Recommendations to streamline compliance activities, reduce duplication between SOC, ISO and other assurance requirements, and improve the overall value of your control environment.
One report. Clear trust. Bigger opportunities.
Choosing the right SOC report
Different SOC reports serve different purposes and audiences. RSM works with you to understand your services, customers and regulatory drivers, then helps you choose the reporting approach that best aligns with your objectives.
- SOC 1 – for services that can impact your customers’ financial reporting.
- SOC 2 – for services where customers need assurance over security, availability, processing integrity, confidentiality and/or privacy.
- SOC 3 – a generaluse report based on SOC 2 work, suitable for broader distribution and marketing.
A practical, risk-based approach
RSM begins by understanding your business model, services, customer expectations and the systems that support them. We then map these to appropriate SOC reporting options and identify the controls, evidence and documentation required for a successful engagement.
Viewing your organisation holistically, we look beyond minimum compliance requirements and focus on recommendations that strengthen your control environment and support your commercial objectives.
Why work with RSM for SOC reporting
Our SOC specialists combine deep technical knowledge with extensive experience in audit, cyber and governance, risk and compliance. We understand the expectations of user auditors, regulators and enterprise procurement teams, and design SOC programmes that speak clearly to each stakeholder group.
- Dedicated SOC assurance team with industry specific experience across technology, financial services and other sectors.
- Practical recommendations that add value to your control environment and can reduce the overall cost of compliance.
- Ability to integrate SOC reporting with broader risk, cyber and internal audit services, so your effort is coordinated rather than duplicated.
- Access to the global RSM network to support organisations with multijurisdictional operations and reporting needs.
Meet our SOC report services specialist
Explore how RSM can help you plan, implement and maintain an effective SOC reporting programme. Whether you are responding to specific customer demands, preparing for your first SOC engagement or looking to enhance an existing report, our team is ready to assist.
Explore our full range of technology and management consulting services
Discover how RSM can build trust for your business
Discover how RSM can build trust for your business
Get in touch with our team to find out
Get in touch with our team to find out