Service organisation control (SOC) reports
KPMG has been advising and reporting on internal controls, and it is at the global forefront of new reporting developments, such as service organisation control (SOC) reports. Organisations are increasingly outsourcing systems business processes and data processing to service providers in an effort to reduce costs and focus on core competencies. Organisations are increasingly requesting SOC reports.
SOC 1 reports help users and their auditor to rely upon their controls at a service provider in the context of a users’ internal control over financial reporting. New SOC 2/SOC 3 reporting options provide solutions where organisations are concerned about IT system security, availability and data privacy.
Our international client base includes investment managers, investment fund and pension fund administrators, transfer agents, and property management firms. They vary in size, complexity and product offerings.
Our competitive edge comes from in-depth knowledge of our clients’ industry sectors and business issues and from the way we apply that knowledge for the benefit of our clients.