Understanding Your SOC 1 Report: What is Scope?

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No matter what kind of data you’re protecting – financial information, cardholder data, ePHI – you need to understand where your assets reside and what controls are protecting them. This is why scoping is so important If you don’t know where your data is, how do you plan to protect it?
Scoping identifies the people, processes, and technologies that interact with, or could otherwise impact, the security of the information to be protected. Scoping is the first step for any assessment and also one of the most important elements of an information security assessment because ignoring any of the relevant people, processes, or technologies could severely impact the quality and reliability of the entire assessment.
SOC 1 reports were primarily designed to report on the controls of service organizations that are relevant to their client’s financial statements. For a SOC 1 audit, the scoping process may answer: Which locations are involved? Do you have any third-parties? What services do they provide? How many business applications and technology platforms are involved? Which systems are involved? What people are responsible? Which processes focus on internal control over financial reporting?
As you work with your auditor, you will determine a proper definition of scope. Scoping is critical to putting boundaries in place for collecting evidence. If you have questions about scoping, SOC 1 audits, or want help demonstrating to your clients your commitment to security and compliance, contact us today.
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KirkpatrickPrice is a licensed CPA firm, PCI QSA, and a HITRUST CSF Assessor, registered with the PCAOB, providing assurance services to over 600 clients in more than 48 states, Canada, Asia, and Europe. The firm has over 12 years of experience in information security and compliance assurance by performing assessments, audits, and tests that strengthen information security and internal controls. KirkpatrickPrice most commonly provides advice on SOC 1, SOC 2, HIPAA, HITRUST CSF, PCI DSS, ISO 27001, FISMA, and CFPB frameworks.

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