SOC 2 Academy: Risks from Business Partners

by Joseph Kirkpatrick / December 16, 2022

Common Criteria 3.2 While organizations must consider the risks to their operations, finances, and reputation caused by threats inside their organization, they must also consider outside risks from business partners and third-party vendors. During a SOC 2 audit, organizations will have to demonstrate that they consider the risks from business partners and third-party vendors in order to comply with the SOC 2 common criteria 3.2, which states, “The entity identifies…

SOC 2 Academy: Assessing the Significance of Risks

by Joseph Kirkpatrick / December 16, 2022

Common Criteria 3.2 During a SOC 2 audit, auditors will validate that organizations comply with the common criteria listed in the 2017 SOC 2 Trust Services Criteria. Common criteria 3.2 states, “The entity identifies risks to the achievement of its objectives across the entity and analyzes risks as a basis for determining how the risks should be managed." When an auditor is assessing an organization’s compliance with this, they will observe…

SOC 2 Academy: How to Manage Risks

by Joseph Kirkpatrick / December 16, 2022

Common Criteria 3.2 When a service organization undergoes a SOC 2 audit, auditors will be looking to validate that they comply with the common criteria listed in the 2017 SOC 2 Trust Services Criteria. Common criteria 3.2 (CC3.2) states, “The entity identifies risks to the achievement of its objectives across the entity and analyzes risks as a basis for determining how the risks should be managed.” We’ve discussed the different…

SOC 2 Academy: Using a Risk Assessment

by Joseph Kirkpatrick / December 16, 2022

Common Criteria 3.1 During a SOC 2 audit, auditors will validate that organizations comply with the common criteria listed in the 2017 SOC 2 Trust Services Criteria. When an auditor is assessing an organization’s compliance with common criteria 3.1, which states, “The entity specifies objectives with sufficient clarity to enable the identification and assessment of risks relating to objectives,” they will want to see that the entity not only conducts…

SOC 2 Academy: What Types of Risks Does Your Organization Face?

by Joseph Kirkpatrick / December 16, 2022

Common Criteria 3.1 When a service organization undergoes a SOC 2 audit, auditors will be looking to validate that they comply with the common criteria listed in the 2017 SOC 2 Trust Services Criteria. Common criteria 3.1 (CC3.1) states, “The entity specifies objectives with sufficient clarity to enable the identification and assessment of risks relating to objectives.” Why is common criteria 3.1 so critical for SOC 2 compliance? Let’s discuss.…