Demonstrate your organization’s adherence to internal controls that detect, prevent, and respond to supply chain risks with a SOC for Supply Chain examination
Developed by the American Institute of Certified Public Accountants (AICPA), a SOC for Supply Chain examination provides the independent opinion of a CPA on the organization’s description of the system it uses to manufacture, produce, or distribute products, and on the suitability of design and operating effectiveness of a company’s internal controls.
Communicate controls over manufacturing, production, and distribution systems to your partners and customers with an examination from our professionals.
Vendors; suppliers; and production, manufacturing, and distribution companies can benefit from a report.
In general, an examination is an important assessment for two distinct entity types:
SOC examinations can support organizations in numerous areas.
Many customers or clients rely on manual, time-consuming assessment processes to assess if a vendor or supplier should be added to their supply chain.
A SOC for Supply Chain examination can quickly reduce due diligence efforts by cutting down time-consuming, manual procedures, such as:
A SOC for Supply Chain examination can also help an organization achieve key supply chain objectives, through the following steps:
This can allow organizations to focus resources on strengthening customer and client relations as well as demonstrating compliance through internal controls.
Demonstrate how your organization mitigates or addresses disruptions associated with common operational challenges including:
The SOC for Supply Chain report includes four sections:
Sections one and four discussed above use two sets of criteria to determine a system’s effectiveness. The criteria are designed to allow for maximum applicability and scale for large and small organizations alike.
Our professionals provide examinations for a range of client types including software-as-a-service (SaaS), infrastructure-as-a-service (IaaS), and platforms-as-a-service (PaaS) companies; business intelligence providers; colocation data centers; financial institutions and service companies; third-party administrators; benefits administrators; manufacturing and distribution companies; and more.
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