article thumbnail

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

LogisManager

SOX is a government initiative which has been enacted in the financial sector with the aim of reducing financial fraud and increasing transparency. It is a set of federal laws that were enacted in response to a series of corporate scandals which shook investor confidence. Strengthening corporate governance. SOC vs SOX.

article thumbnail

Audit Checklist for SOC 2

Reciprocity

The AICPA created SOC 2 to establish an audit standard that addresses the ongoing trends of cloud computing and software as a service. Risk management processes and internal corporate governance. Availability. Processing integrity. Confidentiality. What Are the Benefits of SOC 2? Vendor management programs.

Audit 52
article thumbnail

Why Buying SaaS GRC Software Is a Smart Investment

Reciprocity

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.