A new meaningful step: FBK improves its system and organization controls

Aiming to improve its level of quality standard, FBK is currently in the process of adopting - in collaboration with a Primary International Advisor - the crucial SOC 2 Type II, an attestation that provides controls assurance over a defined set of its systems, through the examination of the criteria set by The Trust Service Principles of the American Institute of Certified Public Accountants (AICPA).

The distinguishing marks of SOC 2 Type II Report are based on five trust principles:

  • Security
  • Availability
  • Processing integrity
  • Confidentiality
  • Privacy

SOC 2 Type II Report is extremely important for any third-party organization, this certification, indeed, is especially intended to provide assurance, confidence and peace of mind for the Customers, which is more relevant speaking of Cloud application and solutions.

A fundamental aspect to underline when a company obtains the Soc 2 Type II Report, is that it can provide assurance to its Customers who outsource their IT systems performing critical operations, that their service organizations have procedures and controls in place to bring constant and reliable services.

A no less important point is, among other things, the examination of the evidences related to design and operate efficiency of the control activities aimed to mitigate risks, and to provide reasonable assurance that control objectives would be achieved if the controls operated effectively.

User organizations that are concerned with the five principles are more likely to partner with Service organizations that can provide a SOC 2 Type II Report. Companies that pass this audit year after year not only prove their legitimacy, but also their organizational integrity as well.

The fulfillment of the process for FBK is scheduled by November 2018.

FBK: Your Trusted Partner in Tender Management processes.

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