At Securance, we believe in maintaining robust internal controls and promoting integrity within business operations. Our services are tailored to meet the stringent requirements set by regulatory bodies, ensuring your organisation is always compliant and resilient. As your dedicated implementation partner, we bring deep expertise and a proven track record in successfully managing risk and compliance challenges across various industries.
Internal Governance & Control
As organisations grow and outsourcing increases, maintaining strong internal control and business integrity becomes essential. Managing the entire chain with multiple stakeholders is challenging for many companies. Strong internal control is essential to prevent scandals and ensure resilience. Regulators recognising the growing complexity, have established stringent rules and frameworks like DORA, DNB guidelines, and the Cyber Resilience Act. These regulations form the baseline for a secure system. Securance assists organisations in not only meeting these baseline requirements but also achieving self-sufficiency in internal control. This ensures your systems are mature enough to comply with applicable regulations, needing minimal adjustments for exceptions. We always strive to help our clients achieve at least a maturity level 3, preferably 4, in their internal control processes. Our approach involves clearly defining business functions, processes, and responsibilities. We conduct thorough risk analyses and offer training and awareness sessions to strengthen knowledge and culture. Many of our clients struggle to see the bigger picture. We provide the support and expertise needed to optimize control over their internal systems and processes. Investing in internal control means investing in the stability and resilience of your organisation.
Securance Advisory Values
Innovation
Embracing a culture of innovation, we continuously seek groundbreaking solutions and technologies. Staying at the forefront of industry advancements to provide clients with cutting-edge approaches to assurance and cybersecurity.
Integrity
Our commitment to integrity is unwavering: we conduct ourselves with honesty, transparency, and ethical practices, fostering trust with our clients, partners, and team members. We are always actively looking to be of assistance
Excellence
We relentlessly pursue excellence in every facet of our work, setting and upholding the highest standards to deliver exceptional solutions that consistently surpass client expectations.
Client Centricity
Placing our clients at the forefront, we tailor our solutions to meet their unique needs, ensuring a personalized and responsive approach that builds lasting partnerships based on understanding. collaboration, and exceeding expectations
Collaboration
We value collaboration, recognizing that our collective strength lies in the diverse skills and perspectives of our team. By fostering an environment of teamwork, we amplify our ability to solve complex challenges and drive Innovation
Continuous Improvement
Committed to lifelong learning and development, we embrace a mindset of continuous improvement, encouraging our team to evolve and adapt to emerging trends, technologies, and best practices, ensuring we remain at the forefront of our industry
PROCESS APPROACH ISO 9001
The ISO/IEC 9001 standard is the international standard for quality management. It focuses on meeting customer requirements and enhancing customer satisfaction. Specific aspects within the ISO 9001 standard are outlined as requirements.
Security of IT service while working from home
Currently, more people are working from home than ever before, bringing numerous risks for organizational security. Global data breaches are on the rise, potentially causing significant consequences for businesses. By maintaining security control, organizations can not only retain customer trust but also mitigate financial losses.
ISAE 3402 | SOC 1 Type I vs. Type II
To clarify which SOC Types your organization needs, here’s the essential information.
COSO 2013 framework
On December 15, 2014, the transition period for adopting the COSO 2013 framework ended. What are the opportunities and risks that arise from this transition? The COSO Internal Control Integrated Framework (ICIF) 2013 is a comprehensive update of the COSO ICIF 1992 model.
Value of ISAE 3000 | SOC 2 Assurance
Who can expect value from ISAE 3000 | SOC 2 Assurance?
ISAE 3000 | SOC 2 is specifically designed for service providers storing customer data in the cloud. This means ISAE 3000 | SOC 2 assurance can add value to almost any SaaS company, as well as any organization using the cloud to store customer information.
Consequences of ISAE 3402
To obtain an ISAE 3402 certification, you need to have a description of your internal control, also known as a Service Organization Control Report (SOC).
What are the requirements for a SOC 1 report?
For certification, your organization needs a report describing its risk management and internal control. This report is also known as a Service Organization Control Report (SOC), terminology that originates from the United States (AICPA). If a SOC report concerns outsourced activities, it is referred to as a SOC 1 (US) or ISAE 3402 report. If the report pertains to certification according to a specific standard (e.g., Trust Service Principles), it is called a SOC 2 or ISAE 3000 report.
Third-party risk and ISAE 3402
From full outsourcing of complex functions such as IaaS, PaaS services, or component manufacturing to small contracts with local service providers and suppliers, organizations in various sectors and sizes heavily rely on external service organizations.
What suits my organization better? SOC 1 or SOC 2?
The SSAE18 standard (AICPA) from the United States includes two types of reports; a Service Organization Control Report 1 (SOC 1) and a Service Organization Control Report 2 (SOC 2). This terminology is increasingly being used internationally. An ISAE 3402 report is within this terminology a SOC 1 report, an ISAE 3000 report is a SOC 2 report.