Third-Party Assurance Services
Accelerate performance with a strong third-party assurance program
Outsourcing solutions have evolved into a strategic business practice, and outsource service providers (OSPs) are having a greater impact on their clients’ internal control frameworks. As the role of OSPs continues to grow, the need for comprehensive and flexible third-party assurance reporting SOC 1 and SOC 2 grows with it. Deloitte’s Third-Party Assurance services can help.
The Deloitte difference
Deloitte conducts independent assessments of an organization’s control procedures to establish if existing controls/processes meet management objectives and to demonstrate controls to customers and their auditors through reporting and integrated requirements.
Our Third-Party Assurance services provide value by helping clients with:
- Reporting and audit requirements: SOC 1, 2, and 3 reports (based on SSAE 18, and ISAE 3402 guidance); Custody Rule; agreed-upon procedures (AUP); and other attest reports.
- Minimizing audit requests: Third-party services can reduce the number of requests to audit an OSP’s internal controls by different customers and their auditors.
- Third-party assurance readiness and optimization: Readiness assessments can provide an OSP’s management with the insight and tools needed to address reporting requirements. Third-party assurance optimization identifies areas of efficiency that increases effectiveness for users, reigns in the cost of compliance, and streamlines reporting.
To learn more about how Deloitte’s Third-Party Assurance services can help your organization, contact us.
Access all the third-party assurance services below to discover how we can support your risk management strategy and ensure compliance with industry standards.
Enhancing IT risk management for SOX compliance
Getting the fundamentals right around performing SOC reviews is crucial for a robust third-party risk management strategy. Strong IT risk management and control mechanisms are vital for organizations and auditors striving for SOX compliance. Deloitte’s Control IT Thoughtware Series explores critical IT risk and control topics, emerging trends, case studies, and offers practical, insightful guidance for IT risk and compliance professionals.
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Providing Assurance Through SOC Reports
This POV provides a basic overview of SOC reports and outlines the typical readiness path in preparation for an attestation.
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Third Party Reporting Proficiency with SOC 2+
Examines the benefits of this extensible framework and offers guiding principles to streamline third-party reporting processes.
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The Business Benefits of ISO 27001 Certification
Discover in this Deloitte report how ISO 27001 certification strengthens cybersecurity, mitigates risks, and builds resilience for a future-ready organization.
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IT Compliance: Integrated or Disintegrating? How to Conquer the IT Compliance Conundrum
IT integrated compliance embraces the full spectrum of regulatory and legal requirements and exploits the commonalities to create a streamlined and effective system.
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Third Party Assurance Optimization: Value creation strategies for service providers
As companies increasingly demand third-party assurance (TPA) reports, outsource service providers (OSPs) need a more streamlined approach to deal with both customer and regulatory requirements.
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Cybersecurity risk management examination oversight and reporting
Organizations that view cybersecurity reporting and cyber risk management as an opportunity can use it to lead, navigate, and even disrupt in the evolving marketplace. Explore our collection of articles designed to help you stay one step ahead.
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How third-party data can enhance analytics
The benefits and challenges of external data sources. Companies are increasingly seeking better insights by tapping into third-party data. While outside sources can bring opportunity, using them effectively can be challenging.
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Effective third-party risk management and governance
Are organizations reevaluating how they position third-party risk management to better prepare for high-impact events like COVID-19? Explore key findings from Deloitte’s fifth annual extended enterprise risk management (EERM) survey to learn why it’s more important than ever to prioritize an effective third-party risk management framework.
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Third-party risk management survey
A digital path to third-party ecosystem oversight: extended enterprise risk management survey 2021. Key findings from the 2021 global survey, which included over 1,100 respondents from 30 countries.
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Mitigating third-party risk amid covid 19 weak commodity prices
Weakening commodity prices and bankruptcy are hard-to-forget terms for organizations in the oil and gas industry. Having better due diligence, risk assessment plus continuous monitoring can alert companies to financial risk and give them more time to develop feasible options.
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Revolutionize Controls Testing: Breaking the Cycle Around Controls
More than a dozen years after Sarbanes-Oxley (SOX) was enacted, the cost of maintaining compliance has become onerous. It is time to take a smarter approach by harnessing the power of digitization to help break the compliance-cycle mold.
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Top 5 Considerations for TPA Governance: Guiding Principles for Optimization
Some guiding principles that are often helpful in streamlining TPA processes. Fulfilling customer requests for a wide variety of TPA reports and numerous compliance questionnaires can quickly become unwieldy, draining valuable internal resources and inflating external costs. As the number and frequency of these requests escalates, outsource service providers (OSPs) increasingly need a way to enhance their TPA portfolios.
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Assurance in a Blockchain World
As organizations embark on a journey to develop and mature blockchain-related applications, it is important to plan for the unique financial, technology, operational and regulatory risks associated with blockchain and distributed ledgers.
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How to Leverage SOC 2 Privacy Reporting for Competitive Advantage
Explore the kind of assurance that can demonstrate to the controller that the processor has the right controls or mechanisms in place to protect privacy.
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TPA and ESG
The need for assurance over the processes and controls behind Environmental, Social, and Governance (ESG) commitments and actions is dramatically increasing as more companies make public commitments. Organizations should embrace the changing landscape while also differentiating themselves in the eyes of their customers and key stakeholders by providing assurance over ESG activities.
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Trusted Cloud Providers: SOC 2 Reports and Cloud Security Alliance (CSA)
As companies expand their presence in the cloud, additional risk considerations beyond protecting the perimeter continue to emerge. This paper discusses cloud computing deployment models, and the role of SOC 2 and SOC 2+ reports in providing assurance over cloud controls.
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Assurance in the Cloud
In a boundaryless environment like the cloud, it can be all too easy to assume that certain cloud risks are someone else's obligation. But having a clear understanding of assurance expectations and knowing who is responsible can help user organizations avoid the pitfalls that go with a false sense of security.
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Explore fedramp cloud computing service models
It's all about the path to FedRAMP authorization for cloud service providers, security, controls, compliance, and transparency are rapidly becoming baseline expectations of users. Explore how FedRAMP cloud service providers can provide greater assurance to customers and stakeholders.
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