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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” 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

Reciprocity

Risk mitigation. 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. Risk assessment. Monitoring activities. System operational effectiveness. Change management.

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