3 mistakes to avoid before starting a SOC 2 audit
Since data security has become a problem, companies must conduct a SOC 2 audit. This audit lets people know the company is working to protect their data. As a result, it increases customer loyalty, boosts the business’s reputation in the market, and provides many other benefits. However, one must prepare well and be careful during the process. Here are the three most common mistakes to avoid before starting a SOC 2 audit.
Not assigning a project manager
A company must assign a project manager after deciding to perform a SOC 2 audit. The individual oversees several audit-related tasks, one of the most important being data collection. During the audit, the company must collect documents and information from different departments, such as business operations, human resources, system admins, etc. This process can fall apart without a designated manager. Plus, there will be nobody to ensure effective communication between all departments, which can create confusion during the audit.
Skipping a readiness assessment
Skipping a readiness assessment is another big mistake companies must avoid before starting a SOC 2 audit. Before the external auditor arrives, a company must evaluate itself to check if it is ready for the audit. During this assessment, the company must evaluate the controls (security, privacy, confidentiality, etc.) the auditor will examine. By doing this, the company can identify any missing documents or gaps in the controls that could cause it to fail the audit.
Not identifying the audit’s scope beforehand
A company can delay the process if it adopts new systems or processes after the documentation (and before the final audit). Even if the company adds new systems within the audit period, it would lead to delays since the new systems need to be examined. Therefore, before starting, a company must identify the scope of the SOC 2 audit and tailor it accordingly. Doing this can take some time, but it avoids unnecessary hassle once the audit is underway.
Avoiding these mistakes can help companies pass the evaluation. However, one should realize that even after a successful SOC 2 audit, the firm needs to keep updating its cybersecurity.
