Trust and Transparency Solutions

Building trust to maintain competitive advantage and sustain long-term growth

Strengthening trust and transparency across your third-party relationships

Companies depend on third-party service providers to host or manage financial and 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.

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PwC's Todd Bialick discusses how organizations are using trust as an asset.

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Providing assurance through independent controls reporting

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 can help you:

  • Assess your control posture, with a focus on controlling costs, mitigating risk and enhancing trust and transparency
  • Provide the comfort and assurance your customers, suppliers, regulators and other stakeholders need
  • Prepare objective reporting that expresses an opinion about your control environment on which multiple customers and auditors can rely
  • Identify weaknesses and risks
  • Build better protections across your business
  • Minimize disruption to your business

Your interconnected risks. Our industry-focused, holistic approach.

We are the only firm with a large scale, global 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.

Research and insights

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Contact us

Todd Bialick

Process Assurance and Trust and Transparency Solutions Leader, PwC US

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Kevin O’Connell

Trust and Transparency Solutions Clients and Markets Leader, PwC US

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Jason Pett

Risk Assurance Leader, PwC US

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Tom Snyder

Risk Assurance Clients & Sectors Leader, PwC US

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