Building trust to maintain competitive advantage and sustain long-term growth
Companies depend on third-party service providers to host or manage financial and non-financial information. Businesses stay competitive by using multiple customer and vendor relationships and accessing specialized solutions and skills. This advantage, however, offers challenges around third-party data security, proliferating regulatory and compliance requirements.
Your management, board and shareholders demand confidence in the controls and compliance capabilities of suppliers, vendors and service organizations. Service organizations must demonstrate that they have proper internal controls in place when they host or process your data.
Companies can effectively communicate accurate information about their risk management and controls framework through a System and Organization Controls (SOC) report. Via a broad range of Assurance Reporting services (SOC 1, SOC 2 and 3, SOC 2+ and Agreed Upon Procedures).
We are the only firm with a large scale, global Trust and Transparency Solutions (TTS) practice as part of their Assurance offerings. Worldwide, PwC has approximately 4,800 professionals specializing in TTS, performing SOC 1, SOC 2, ISAE 3402, and other controls-based TTS engagements. By bringing together industry-specific skills in technology, regulatory compliance, financial and accounting and other business processes, we can help you assess your third party risk management program.
Digital Assurance and Transparency Leader, PwC US
ESG Trust Solutions Leader, PwC US
We’re ready to help you take on today’s most pressing business challenges. Reach out and start a conversation today.
