What Does Reasonable Assurance Mean?

by Joseph Kirkpatrick / July 19th, 2019

What is Reasonable Assurance? The AICPA defines reasonable assurance as a high, but not absolute, level of assurance. In an audit, that means perfection is not the goal because absolute assurance is not obtainable. Instead, auditors use reasonable assurance in their testing to come to a practical conclusion about the details of your organization’s security controls. At KirkpatrickPrice, our Information Security Specialists provide expert audits that focus on accuracy, attention…

Choosing a Higher Level of Assurance

by Joseph Kirkpatrick / July 19th, 2019

When a quality audit is performed by KirkpatrickPrice, there are many qualified experts behind the scenes completing the documentation review, project management, onsite visit, remediation efforts, report writing, and quality assurance. These security professionals work to provide the best assurance service possible to your organization. How exactly can you finish your audit process feeling assured and secure? You need to make sure you aren't settling for anything less than a…

5 Components of Internal Control

by Joseph Kirkpatrick / June 28th, 2019

Implementing Internal Controls for SOC 1 Compliance When an organization pursues SOC 1 compliance, they’ll be tested against the COSO Internal Control – Integrated Framework. This framework is one of the most common frameworks used to design, implement, maintain, and evaluate internal controls. In order for an organization to successfully complete a SOC 1 audit, they’ll need to meet the three objectives of internal control, demonstrate that they have the…

3 Objectives of the COSO Framework and SOC 1

by Joseph Kirkpatrick / June 28th, 2019

SOC 1 and the COSO Framework If you’re new to the SOC 1 audit process, you might be wondering what framework is used to evaluate the effectiveness of internal controls. This would be the Committee of Sponsoring Organizations of the Treadway Commission, or COSO Internal Control – Integrated Framework. This framework is one of the most common frameworks used to design, implement, maintain, and evaluate internal controls. It outlines three…

What is a SOC 1 Report?

by Sarah Harvey / June 21st, 2019

What is a SOC 1 Report? Once you’ve made it through the evidence gathering portion of the SOC 1 audit process, our specialized team of professional writers will take the information gathered by our auditors and provided by you in our Online Audit Manager to create a final SOC 1 report. What is a SOC 1 report? It is a report that is based on the Statement on Standards for…