With the fluid regulatory landscape and increasing demand for transparency into controls and processes, the American Institute of Certified Public Accountants (AICPA) is continually revising and refining the reporting criteria used in System and Organization Controls (SOC) reports.
In April 2017, the AICPA updated the Trust Services Criteria, impacting the controls required to be included with a SOC 2 report. The new criteria, while available for use now, will be required for reports with period ends after December 15th 2018.
The updates to the Trust Services Criteria represent the most significant change to the criteria since the development of SOC 2 reporting. This publication dives deeper into how the following areas of change will impact SOC 2 reports going forward:
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