RSM’s System and Organization Controls (SOC) managed services practice brings industry and product knowledge to support your compliance efforts across the organization. Here are seven reasons for choosing RSM for SOC managed services:
1. Cost reduction and efficiency
By using a third party such as RSM, your external audit service auditor can reduce your SOC attest fees, while RSM’s testing can promote efficiency by being leveraged across multiple compliance frameworks such as Sarbanes-Oxley Act, cybersecurity risk management programs, ISO, NYDFS, HIPAA and HITRUST. In addition, our testing can provide management with control environment insights to support their control assertions.
2. Experience makes the difference
We have a dedicated SOC practice with professionals who have completed hundreds of SOC attestations and consulting engagements, bringing exceptional industry and controls experience. As these teams issue SOC reports, they are ready to assist in frank discussions with your service auditor and provide guidance on how to respond to excessive service auditor requests.
3. Customized solutions
RSM provides flexible solutions tailored to you, rather than one-size-fits-all services. We can provide all aspects of support or a combination of specific services to meet your specific needs, such as:
- SOC readiness services
- Control rationalization and optimization
- Project management
- Evidence collection and review, prior to routing to SOC external auditor
- Design assessments and control testing
- Deficiency evaluation and remediation consulting
- SOC control mapping to other frameworks
- Technology implementation to support controls compliance efforts
- Risk assessments
4. Digital solutions
Our technology suite can be leveraged across all stages of your compliance journey. RSM technology can assist with documentation collection, testing and mapping controls to various frameworks. In addition, we coordinate with other technology vendors to support solutions tailored to your needs.
5. Access to SOC subject matter resources
RSM professionals who have assisted with developing the AICPA SOC products/methodology are available to provide insights, recommendations and guidance. Clients benefit from their recommendations for potential control exceptions to develop a remediation plan and leading approaches within current report cycles, all developed prior to meeting with your external SOC provider.
6. Readily available delivery
Use of RSM’s global SOC resources will allow for efficient turnaround times. That is, our SOC professionals are based in the United States and India, so they work in the same time zones as many of the resources that service auditors rely on to perform the work.
7. Extensive national capabilities
Along with SOC capabilities, you have access to RSM’s financial accounting, tax and consulting professionals, including our cybersecurity resources who can share leading practices. For example, our certified cybersecurity professionals work with clients on matters that include:
- Security program management
- Risk and compliance
- Security architecture
- Security engineering and operations
- Information protection
- Identity and access
- Security monitoring and response
- Cyber resiliency
