A Readiness Assessment, in the context of SOC (Service Organization Control) compliance, refers to the evaluation and preparation process undertaken by organizations to assess their readiness for a SOC audit. A SOC Readiness Assessment helps organizations identify any gaps, deficiencies, or areas of improvement in their control environment before undergoing an official SOC examination.
During a Readiness Assessment, organizations typically review their existing policies, procedures, and controls against the requirements of the relevant SOC framework (such as SOC 1 or SOC 2). The assessment may involve conducting internal audits, gap analyses, risk assessments, and testing of control effectiveness.
