Investment Retrievers Completes Service Organization Controls 2 (SOC 2) Report under AT Section 101

By - Tom
Fri, April 27, 2018 07:44 AM
Investment Retrievers, a financial services firm based in Folsom, CA, today announced that it has recently completed its Service Organization Controls 2 (SOC 2) examination under AT Section 101, Attest Engagements (AICPA, Professional Standards) for the period November 2016 through December 2016 that was performed by an independent auditing firm.

Completion of the SOC 2 Type II examination indicates that selected Investment Retrievers processes, procedures and controls have been formally evaluated and tested by an independent accounting and auditing firm.  The examination included the Company’s controls related to the Trust Services Principles and Criteria of Security, Processing Integrity, Privacy ( “We are very excited about achieving the SOC 2 designation” said CEO James Kiley. “It is always reassuring to have a third party spend so much time validating your policies, procedures and processes.”

An SOC 2 examination is performed in accordance with AT Section 101, Attest Engagements (AICPA, Professional Standards).  SOC 2 is designated as an acceptable method for a user entity’s management to obtain assurance about service organization internal controls over Security, Processing Integrity, and Privacy without conducting additional assessments.

A SOC 2 examination is widely recognized, because it represents that a service organization has been through an evaluation of their control activities as they relate to the applicable Trust Services Principles and Criteria.  A Type II report not only includes the service organization’s system description, but also includes detailed testing of the design and operating effectiveness of the service organization’s controls.