About Oread Risk & Advisory

Oread Risk & Advisory positions itself as a comprehensive attestation, information security, and compliance consulting firm. As businesses navigate the complexities of data protection and cybersecurity, the demand for meticulous SOC reporting is on the rise. In this regard, Oread Risk & Advisory offers a tailored suite of services that cater to the evolving needs of companies seeking SOC audits and the assurance that comes with them.

One of the standout aspects of Oread Risk & Advisory is its ability to deliver SOC 1, SOC 2, and SOC 3 reporting services. The differentiation between these reports is crucial for prospective clients to understand, as each serves a distinct purpose. SOC 1 reports focus on internal control over financial reporting, which is particularly relevant for entities concerned with financial transaction processing. SOC 2 and SOC 3 reports, on the other hand, cast a wider net, encompassing operational controls such as security, confidentiality, availability, privacy, and processing integrity. This breadth of services indicates that Oread Risk & Advisory is capable of addressing a variety of compliance needs, making it a versatile choice for businesses of different sizes and industries.

Another commendable element is Oread Risk & Advisory's readiness assessments. These preliminary evaluations are essential in identifying gaps in a company's control environment, allowing time for remediation before a full audit takes place. Such proactive measures can be invaluable for organizations looking to ensure a smooth and successful audit process.

When it comes to technical jargon and criteria, Oread Risk & Advisory seems to recognize the importance of clarity and context. For instance, their SOC 2 reports focus on criteria outlined by the American Institute of CPAs, such as system security and data privacy. This adherence to established standards provides clients with the assurance that Oread Risk & Advisory is aligning its practices with industry best practices and regulatory expectations.

In terms of customer engagement, Oread Risk & Advisory encourages starting a conversation, suggesting a customer-centric approach. This is reinforced by their invitation for potential clients to reach out directly via email or phone, which can be a reassuring touch for those seeking a more personalized service.

However, it's important to note that while Oread Risk & Advisory appears to offer a robust set of services, there is limited information available regarding the specific experiences of their clients. Testimonials or case studies could further enhance their credibility by showcasing successful engagements and the impact of their work on client operations.

In summary, Oread Risk & Advisory emerges as a firm that is well-equipped to handle the intricate demands of SOC auditing. Their comprehensive service offerings, readiness assessments, and adherence to industry standards suggest a reliable and competent partner in the SOC 2 Auditors space. While they could benefit from more client success stories to bolster their market position, their current approach demonstrates a strong commitment to meeting the varied compliance needs of businesses in today's digital landscape.

Products and Services

Oread Risk & Advisory specializes in comprehensive SOC audit and attestation services, offering businesses of various industries the assurance and detailed insights they need to protect customer data and demonstrate robust internal controls over financial reporting, system security, confidentiality, availability, privacy, and processing integrity, distinguishing themselves with a readiness assessment that helps prepare for and optimize the audit process.

SOC 1 Reporting

Assessment focusing on a client’s internal control over financial reporting (ICOFR), suitable for businesses involved in financial transaction processing or supporting transaction processing systems.

SOC 2 Reporting

Examination of a business's system security, confidentiality, availability, privacy, and processing integrity, with a broad applicability across various systems.

SOC 3 Reporting

General-use report evaluating a business's system security, confidentiality, availability, privacy, and processing integrity, distributable as a marketing report.

SOC Readiness Assessment

Preliminary assessment that identifies control gaps and provides actionable guidance for improving and maintaining a system of controls before a SOC audit.

    Strengths

  • Specializes in SOC reporting and audits, IT security assessments, and HIPAA assessments

  • Provides comprehensive security solutions including PCI consulting and third-party vendor due diligence

  • Expertise in compliance requirements with a focus on privacy compliance assessments and ISO 27002 consulting

    Weaknesses

  • Services may be more comprehensive than needed for businesses seeking specific or individual compliance solutions

Getting Started

Oread Risk & Advisory offers specialized services in SOC reporting and IT security assessments. Upon signing up, they will guide you through SOC 1, SOC 2, and SOC 3 reporting processes. Their team is committed to performing work quickly and accurately, providing easy-to-understand information and recommendations to improve your operations. To engage with Oread Risk & Advisory, you can fill out the contact form on their website. If you're not sure about Oread Risk & Advisory, check out the rest of our rankings for other options.