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Audit Checklist for SOC 2

Reciprocity

If your company is a service organization and your customers trust you with their data, you may need to pass a SOC 2 (System and Organization Controls 2) audit. Compliance and certification are the goals of a SOC 2 audit. The SOC 2 compliance audit gives them that assurance. Develop a SOC 2 Audit Framework.

Audit 52
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The Multiple Factors Leading to the Collapse of Silicon Valley Bank

Erwood Group

Some additional key risk reduction steps SVB took early on were: They required a pledge of half of a startup’s shares as collateral (Reduced later to seven percent). The Chief Risk Officer Laura Izurieta exited the company in April of 2022. This opened a close working relationship within the VC world.

Banking 59