Security News > 2024 > March > Debunking compliance myths in the digital era

CPA firms taking advantage of compliance software to connect to a company's operations means an audit doesn't need to take such a large chunk of time, and businesses can keep their momentum.

These compliance tools aggregate and store information, complete daily security testing, monitor results, and highlight potential issues, simplifying the data-gathering process for auditors and sparing companies time validating their operations.

Gone are the days of accountants asking about how a company protects cloud data centers - these companies have created a phonebook for finding qualified professionals who won't waste time on these questions.

A healthtech company might require background checks on every hire and must comply with HIPAA requirements, whereas a fintech company may have customers highly concerned about platform downtime and processing integrity.

Because of the flexibility of the SOC 2 compliance framework, SOC 2 reports become malleable and customizable for each company.

If companies work with a firm specializing in this area, they can benchmark their decisions against similar companies and help roadmap best practices that stand out in the industry.

News URL

https://www.helpnetsecurity.com/2024/03/28/soc-2-report-compliance/