MSPs: Stand Out & Scale Faster with Strategic CPA Partnerships

SOC 1 reports focus on controls relevant to financial reporting, while SOC 2 reports evaluate controls related to security, availability, processing integrity, confidentiality, and privacy, critical for SaaS and IT providers.

SOC 3 is a general-use report derived from SOC 2 but designed for public consumption. It’s perfect for marketing purposes because it provides assurance without sharing sensitive audit details.

Yes. Our engagement partners are CPAs in good standing and qualified to issue SOC 1, SOC 2, and SOC 3 reports.

We perform a readiness assessment, mapping your current controls to audit criteria, identifying gaps, and providing a roadmap for remediation.

Costs vary based on scope, size, and audit type (SOC 1 vs SOC 2 Type I vs Type II). We offer fixed quotes after scoping calls and gap reviews.

We work with Managed Service Providers of all sizes—from boutique firms to large-scale providers—across a wide range of industries, including healthcare, finance, legal, SaaS, and more. If your clients require security, compliance, or IT governance, we can help you elevate your offering.

As a specialized CPA firm with audit expertise, we bring deep knowledge of SOC 2 and other compliance frameworks. We help you identify and close gaps, implement strong internal controls, and ensure your clients’ data is secure—minimizing risk and building trust.

Our SOC 2 process is streamlined and collaborative:

1. Readiness Assessment – We evaluate your current environment and highlight areas needing improvement.
   

2. Remediation Guidance – We outline compliance gaps and provide recommendations to close those gaps.
   

3. Audit Execution – Once ready, we perform the audit and deliver a clean report.
   

4. Ongoing Support – We’re here to assist year-round as your needs evolve.

Organizations that handle or process customer data, particularly those in the IT, SaaS, and tech sectors, should consider undergoing a SOC 2 audit. This audit evaluates the effectiveness of a company's controls related to security, availability, processing integrity, confidentiality, and privacy. Achieving SOC 2 compliance demonstrates a commitment to data protection and can enhance trust with clients and stakeholders.​

The duration of a SOC 2 audit varies based on factors such as the organization's size, the maturity of its controls, and the scope of the audit. With Audit Advantage Group, the entire process takes between 10-12 weeks.

A SOC 2 audit assesses controls based on five Trust Services Criteria:​

1. Security: Protection of information and systems against unauthorized access.​

2. Availability: Ensuring that systems are operational and accessible as agreed upon.​

3. Processing Integrity: Guarantee that system processing is complete, valid, accurate, timely, and authorized.​

4. Confidentiality: Protecting information designated as confidential.​

5. Privacy: Managing personal information in accordance with recognized privacy principles.​

Organizations can select which of these criteria to include in their audit based on their services and client requirements.​

SOC 2 audits don't operate on a strict pass/fail basis. Instead, the auditor provides an opinion on the effectiveness of your controls:​

• Unqualified Opinion: Indicates that all SOC 2 criteria are met without exceptions.​

• Qualified Opinion: This signifies that most criteria are met, but there are specific areas needing improvement.​

• Adverse Opinion: Denotes that significant deficiencies exist in meeting the criteria.​

Receiving a qualified or adverse opinion can impact client trust, potentially leading to lost business opportunities and reputational harm. It's crucial to address identified deficiencies promptly, implement corrective actions, and demonstrate a commitment to continuous improvement in data security practices.​

Engaging with Audit Advantage Group can provide valuable guidance throughout the process, helping to ensure that your organization meets the necessary standards and maintains the trust of your clients.

An audit can take anywhere from 6-12 weeks depending on how well organized you are. We will work with you to organize the audit tasks and request list and using our platform, the evidence gathering is seamless.

That is not a problem. We annotate the audit report to indicate you have processes and procedures, but that no new hires were made during the audit period. This way your audit report is clear and accurate.