Readi Consulting

Readi Consulting SOC Readiness Professionals.

Enterprise & Vendor Risk - How Effective Are Your Company's Risk Assessments?Trying to prepare for a SOC examination? If...
06/03/2019

Enterprise & Vendor Risk - How Effective Are Your Company's Risk Assessments?

Trying to prepare for a SOC examination? If your company needs a SOC report and you don't have an enterprise and vendor risk management process in place or your assessments need updating, contact Readi Consulting and we can help.

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RAISING PASSWORD AWARENESS - WORLD PASSWORD DAYAs we still rely mainly on passwords to authenticate; we need to review o...
05/13/2019

RAISING PASSWORD AWARENESS - WORLD PASSWORD DAY

As we still rely mainly on passwords to authenticate; we need to review our current password practices. Passwords need to be changed periodically during the year and they should be unique for each website and application; NIST provides guidelines for creating and changing passwords. And adding multifactor authentication (MFA) greatly enhances security. Contact Readi Consulting for questions regarding password management.

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PC Security - Microsoft will be sending out messages to customers over the next few weeks informing them that support fo...
04/25/2019

PC Security - Microsoft will be sending out messages to customers over the next few weeks informing them that support for the Windows 7 operating system will end January 2020. After that, Microsoft will no longer provide any type of updates, including critical security patches, which will potentially increase the risk for viruses and malware. Contact Readi Consulting for help assessing PC security and risk. readiconsultant.com

Who Needs a SOC3 Report?A System and Organization Controls 3 (SOC 3) report may be issued in conjunction with a SOC 2, T...
04/17/2019

Who Needs a SOC3 Report?

A System and Organization Controls 3 (SOC 3) report may be issued in conjunction with a SOC 2, Type 2 report. A SOC 3 report provides a high-level overview of the SOC 2 report and may be distributed to the public with the option of displaying an AICPA SOC seal on the company’s website. Contact Readi Consulting to learn how your company may benefit from a SOC3 report.



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Companies which provide outsourced IT services or resources may be driven by users, regulatory requirements or the neces...
04/03/2019

Companies which provide outsourced IT services or resources may be driven by users, regulatory requirements or the necessity to differentiate itself in the marketplace to have a SOC report. A SOC Readiness is critical to determine whether a company is prepared for a SOC audit and to remediate control environment issues or non-compliance with SOC guidelines. Contact Readi Consulting for SOC readiness services that surpass services traditional accounting firms provide.

IMPORTANCE OF EFFECTIVE VENDOR RISK MANAGEMENT  More than half of reported breaches result from attacks originating from...
03/26/2019

IMPORTANCE OF EFFECTIVE VENDOR RISK MANAGEMENT
More than half of reported breaches result from attacks originating from third-parties, yet most companies still have an under-funded, spreadsheet-based vendor risk management (VRM) program. There are outsourced services available to automate VRM and continuously monitor vendors. Contact Readi Consulting about cloud-based, VRM solutions.

Attention Board Members and Executive Management-Does Your Company Have an Effective Control Environment?The updated COS...
03/19/2019

Attention Board Members and Executive Management-Does Your Company Have an Effective Control Environment?

The updated COSO Internal Control Framework emphasizes the involvement of the board of directors, in addition to management, in creating and overseeing an effective control environment and risk assessment process. The framework has been expanded and monitoring the control environment, assessing risk and evaluating the effectiveness of controls to mitigate risk is now a continuous process. Contact Readi Consulting to determine whether your control environment is compliant with the COSO framework.

Cybersecurity Examinations – Which Type Is Best for Your Organization?The SOC for Cybersecurity is an independent assess...
03/07/2019

Cybersecurity Examinations – Which Type Is Best for Your Organization?
The SOC for Cybersecurity is an independent assessment of an entity’s cybersecurity risk management program (CRMP). A SOC 2 examination may also include an assessment of an entity’s cybersecurity controls however there are significant differences between the type of organization, users and purpose for each type of examination. Have questions regarding which SOC report is best for you? Contact Readi Consulting.

New SEC Cybersecurity Guidance- Updated guidance was issued emphasizing the need for board directors and company executi...
02/27/2019

New SEC Cybersecurity Guidance- Updated guidance was issued emphasizing the need for board directors and company executives to review their internal controls and procedures to ensure their cybersecurity disclosure responsibilities are met. Contact Readi Consulting for internal control and process reviews and cybersecurity risk management assessments.

Auditing Standard Changes - The AICPA has issued a draft regarding changes to the private company auditing standards whi...
02/21/2019

Auditing Standard Changes - The AICPA has issued a draft regarding changes to the private company auditing standards which will more closely align these standards with the Public Company Accounting Oversight Board’s (PCAOB) standards. These changes include Internal Control Over Financial Reporting (ICFR) and Internal Control Deficiencies. Have questions or need help assessing your internal control environment? Visit our website for contact information.

New from the AICPA - The AICPA has issued new SOC for Service Organization logos and SOC for Cybersecurity guidelines.  ...
02/19/2019

New from the AICPA - The AICPA has issued new SOC for Service Organization logos and SOC for Cybersecurity guidelines. The AICPA also released a SOC 2 mapping from the former trust services principles and criteria to the new trust services criteria (TSC) which became effective on 12/15/2018.

Coming Soon - SOC for Vendor Supply Chains Guidelines:Guidance for this SOC report is upcoming, but the AICPA has issued...
02/15/2019

Coming Soon - SOC for Vendor Supply Chains Guidelines:
Guidance for this SOC report is upcoming, but the AICPA has issued the proposed description criteria for an entity’s production, manufacturing, or distribution system. Have questions? Contact us. https://readiconsultant.com

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