Strengthen security protocols according to the highest standards
WHAT IS SOC 3
Showcase Your Security Compliance With a SOC 3 Attestation
SOC 3 reports aim to provide public-facing assurance of an organization’s security, availability, confidentiality, processing integrity, and privacy controls. The resulting SOC report enables companies to build trust, support marketing, and maintain compliance in a streamlined manner.
SOC 3 reports allow organizations to publicly showcase their investment in and adherence to strong security practices.
SOC 3 attestation is a recognizable sign of compliance and good standing. It is an essential support system for your organization’s broader pursuit of compliance. Reporting follows SOC 2 Type II attestation and is held to the same standards as SOC 2 compliance.
Trust I.S. Partners’ SOC 3 compliance services to carry your organization through this assessment and prove strong security controls to your customers.
BENEFITS
SOC 3: The Competitive Advantage of Public Trust and Market Differentiation
SOC 3 services help businesses more effectively showcase your service organization’s internal controls and overall security posture to the public and your customers. Security controls may be too complex to understand for other companies; therefore, it is critical to properly convey the right message.
Competitive Advantage
Showcase commitment to security and market your services better.
Strengthen Security Controls
Establish appropriate control objectives and practices.
Solidify Consumer Trust
Build confidence in your security and operations.
WHO NEEDS SOC 3 COMPLIANCE
Enhance Trust and Confidence in Your Business with SOC 3 Compliance
SOC 3 compliance is often expected for organizations that handle customer or consumer data despite not being legally mandated. SOC 3 compliance demonstrates a commitment to security through the service organization’s controls and helps build trust with stakeholders.
SOC 3 is highly relevant for any service provider handling sensitive data, companies in regulated industries, and any business looking to build public trust around their security practices.
Service Providers
- SaaS, PaaS Providers
- Business Intelligence Companies
- Data Collection Firms
Regulated Industries
- Financial Institutions
- Healthcare Providers
- Insurance Companies
- Government Contractors
Compliance Supportive Organizations
- GDPR, HIPAA, and CCPA-Compliant Companies
- ISO 27001 Adherent Organizations
Public Trust Entities
- E-commerce Companies
- Cloud Service Providers
- Social Media Platforms
- Online Payment Processors
Risk Management Focused
- Cybersecurity Firms
- Managed Service Providers (MSPs)
- IT Consultants
- Data Centers
Get your security posture audited and develop a report for public consumption with our SOC 3 services.
WHAT’S INCLUDED
Simplified Assessment of Controls and Comprehensive SOC 3 Report
Our SOC 3 compliance services include an extensive list of activities to ensure thorough assessment, identification of potential vulnerabilities, and establishment of appropriate controls. I.S. Partners has developed a structured program to conduct a SOC 3 service.
Our program includes the following:
Comprehensive Control Assessment
We evaluate existing controls within the service organization to ensure they meet required standards and effectively manage risks.
Scope Identification
We define the specific scope of the SOC audit, determining which systems, processes, and locations will be assessed.
Readiness Assessment
We conduct a readiness evaluation to prepare your organization for the SOC 3 regulatory compliance, identifying areas that need improvement before the formal assessment.
Gap Analysis and Risk Management
A gap analysis is performed to identify discrepancies between current practices and SOC requirements. We then develop a risk management program to address these gaps and enhance control measures.
Extensive Audit
We carry out a detailed assessment according to the SOC 2 audit steps to thoroughly assess your controls and processes, ensuring they align with SOC standards.
Report Development
Our auditor will develop a comprehensive SOC 3 report that documents our findings, including an evaluation of controls and any identified areas for improvement. The SOC report will provide a clear picture of your compliance status and how prepared your organization is for data breaches.
PRICING
SOC 3 Compliance Cost
I.S. Partners conducts comprehensive SOC audits. We offer SOC 3 Compliance Services in conjunction with our comprehensive SOC 2 audits. Receive a general-use SOC 3 report and build trust among your clients.
For most organizations, budgeting $30,000 to $60,000 for a SOC 3 report is reasonable, while adding a SOC 3 on top of a SOC 2 will likely cost an extra $5,000 to $10,000. Actual costs depend heavily on company-specific factors.
TIMEFRAME & FREQUENCY
SOC 3 Timeframe and Frequency
Timeframe
6-12 months average
SOC 3 reports are typically produced in conjunction with SOC 2 audits, following the same timeline and scope.
- The main phases and their typical durations are:
- Planning and Preparation: 2-5 business days
- Evidence Request & Collection: 5-7 weeks
- Testing: 2-4 weeks
- Reporting: 2-3 weeks
SOC 3 reports are always Type II reports, covering a longer period of time to assess the operating effectiveness of controls.
Frequency
Annual (Recommended)
Most service organizations aim to produce a SOC 3 report annually to align with the AICPA’s Trust Services Criteria and demonstrate their ongoing commitment to security.
However, depending on business needs and service commitments, some organizations may opt for a SOC audit every six months or every two years.
Demonstrate your commitment to security through a SOC 3 report. Consult with our expert today.
WHY CHOOSE US
Effective Assessments Conducted by SOC 3 Compliance Consultants
I.S. Partners develops a clear and efficient path for any organization aiming to achieve cybersecurity compliance. Combine the benefits of a SOC 3 and SOC 2 audits for top-notch customer data security.
Full U.S.-based team
Ensures a better understanding of the local business nuances and regulations.
No Outsourcing
Work with the same dedicated team throughout the entire process.
One-stop shop
Saves time and effort by offering all requisite services under one roof.
Nearly 20 years of experience
Gives you access to our deep industry insights and tried-and-tested methods.
Compatibility with your compliance software
Offers the flexibility to integrate with existing software like Drata, Vanta, or any other.
Software Included (FREE!)
Benefit from our proprietary software at no additional cost.
PROCESS
Integrated SOC 3 Audit Process
Our SOC 3 compliance services is proven to address all potential risks and vulnerabilities in your system. With our help, we can establish clear controls that will help you secure sensitive information effectively.
Our process includes the following steps:
Pre-Audit Planning
1
SOC 2 Assessment
2
Development of SOC 3 Attestation Report
3
Initial consultation and assessment of system
4
Readiness Assessment
5
Remediation Phase
6
Publication of Report For the Public
7
AUTOMATION
Free SOC 3 Audit Software for Our Clients
FieldGuide automated SOC 3 audit software is free to use for all I.S. Partners clients. Start working with us and getting faster, less expensive compliance engagements.
TESTIMONIALS
See why our clients are so loyal.
Through the years, I.S. Partners has continued to help us earn and maintain our compliance positions and we are very grateful for the professional standard that they have guided us to achieve. We value their “trusted advisor” partnership they have created with us and would highly recommend them to anyone pursuing these achievements.
Tom Russo
President doeLEGAL, LLC
I.S. Partners helped AvMed to effectively and efficiently implement the Model Audit Rule, while also serving as a true business partner in enabling AvMed to understand and where appropriate implement best practices. I would highly recommend IS Partners for anyone looking to engage a firm that brings and delivers a unique and differentiating service experience.
Randy L. Stuart
Senior Vice President & CFO AvMed
The Audit team provided us a thorough audit guideline prior to the on-site visit. This allowed ePay to successfully prepare for the audit. This onsite visit was conducted in a very timely and professional manner. If your company is looking for outstanding audit and compliance services at a very competitive price, I.S. Partners is a great fit.
Thomas Simoncic
Chief Operating Officer VRS Vericlaim, a Toplis & Harding Company
I have used I.S. Partners for a variety of services and have always found the product of top quality.
Mark Monroe
Director Internal Audit DentaQuest
Boost your competitive advantage and use a SOC 3 report as a critical marketing tool. Ask us today how.
FAQs
