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SOX vs. SOC: What Is The Difference? [Complete Guide]

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Strengthening corporate governance. Requiring corporate transparency. Authorizing the Public Company Accounting Oversight Board (PCAOB) to monitor corporate behavior. SOC reports were created by the AICPA amidst the rise of cloud computing, which has increased accessibility to applications and data.

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Audit Checklist for SOC 2

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.” The most prevalent types of service organizations to which the SOC applies include, but are not limited to: Software as a service (SaaS) businesses that offer software, applications, and websites. Providers of corporate intelligence, analytics, and management services. Availability. Processing integrity. Confidentiality.

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Why Buying SaaS GRC Software Is a Smart Investment

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As organizations and businesses around the world and across industries migrate their IT to the cloud, C-suites are faced with a new dilemma for governance, risk management and compliance (GRC) solutions: cloud versus on-premise software. That’s time and money that might be better spent elsewhere. GRC Software Solutions.