Changes to consumer disclosure forms have prompted financial institutions to revisit their compliance obligations, especially in the area of third-party relationships involving critical functions. As financial institutions explore alternatives to incorporating vendor due diligence and risk management into their own risk management programs, the Service Organization Control, or “SOC” report, is looking to be a viable solution.
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BKD's Enterprise Risk Solutions group offers a suite of services and specialties designed to consider an organization’s overall environment, including operational, financial, strategic, regulatory and technology risks and controls.
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