National contact

System and Organisation Controls (SOC) Reporting
Organisations continue to outsource business and IT operations to focus on core business objectives and nearly every organisation has some element of outsourcing in place. The outsourcing landscape has reshaped itself and outsourcing organisations or outsourcers have become a part of the broad ecosystem. Customers, partners, agents, affiliates, vendors, and service providers now make up the ecosystem, many with operations around the world. The ecosystem gives companies access to a broad range of capabilities, creating new and exciting market opportunities.
At the same time, growing use of outsource service providers (OSPs), has increased concerns over greater enterprise risk exposure. Shareholders, governance committees, senior management, investors and regulators require organisations to assess and manage enterprise risks. They understand that increased reliance on OSPs exposes organisations to risks that are difficult to identify, manage, and monitor. You outsource a service but the risk will also stay with the organisation.
This has prompted organisations to demand that OSPs provide them with Service Organisation Control (SOC) or Service Auditor reports. These third-party assurance (TPA) reports help OSPs build trust and confidence in their service delivery processes and controls through the attestation from an independent certified public accountant.
Mazars is regularly engaged by the user or service organisation, as the auditor who provides an independent attestation opinion. TPA engagements are undertaken by the service auditor to provide an independent report on the service organisation’ (Service Provider) internal control environment. The report is used by the management of user organisation (Outsourcer), user entities (Customers, Prospects) and/or their auditors and reduced the need for customers to conduct thier own audits.
The two types of reporting options are:
TPA or SOC reporting provides a range of benefits for users and providers of outsourced services.
Benefits - Outsourcer/User Organisation
Benefits - Service Providers
To find out more, please contact us using the form below:
This website uses cookies.
Some of these cookies are necessary, while others help us analyse our traffic, serve advertising and deliver customised experiences for you.
For more information on the cookies we use, please refer to our Privacy Policy.
This website cannot function properly without these cookies.
Analytical cookies help us enhance our website by collecting information on its usage.
We use marketing cookies to increase the relevancy of our advertising campaigns.