If your organization is subject to a SOC 1 or SOC 2 audit, then you are likely familiar with the vendor management requirements under both reporting frameworks. The American Institute of Certified Public Accountants’ (AICPA) reporting standards for SOC 1 (Section AT-C 320 of SSAE #18) states that: “Management’s description […]
One of my favorite things about being a human being is that we are all a work in process. It is something that every person on the planet has in common – we are all learning, developing, adapting and changing from the day we are born until the day we die. […]
One of the best parts of working at KFi is our regular schedule of community service events throughout the year. These events are a great opportunity to get together as a team, while at the same time helping others who are in need. We have always strived to make these events […]
Control Self Assessments (CSAs) are a key control that we consistently recommend to our SOC and other audit clients. The purpose of this blog post is to elaborate on CSAs and provide a practical and effective approach to performing them. CSAs can take many different forms and can range from very […]
Background The 2020 audit cycle for organizations that receive SOC reports is going to include new challenges related to COVID-19. Remote workforces are now the norm throughout the world and there are many new risks associated with this. For example, the use of insecure personal computers (or those already infected with […]
Providing assurance and confidence is the foundation of any insurance organization. Whether it’s knowing you’ll be able to afford an extended stay at a hospital or knowing that the flood damage in your company’s office building won’t break the bank, insurance organizations exist to bring individuals and businesses peace of mind. […]
Today more than ever, companies rely on service providers to streamline day-to-day operations and ensure continued functionality. This is evident through the emergence of cloud computing, data centers, and software-as-a-service (SaaS) organizations. However, with the ease and convenience of these outsourced tasks comes some degree of inherent risk. A key differentiator […]
The Kfi team headed to the wilderness yesterday for our 2nd annual camping trip. A big thank you to Taylor for organizing the outing again this year. A small group of us did a mountain bike ride and we all enjoyed games, barley pops and Roxy’s hit list around the camp […]
The Kfi Team and Kfi Foundation hosted an amazing event today. We brought an art instructor to a local assisted living center and set up a painting workshop for 20 of the residents. Dean became the painting apprentice for a very spunky 103 year old woman. And one of the ladies […]
My wife was “evaluating” our Kfi team pull-up breaks recently and told me “middle school kids get 1 short recess per day and high school kids get no recess. Why does the Kfi team need so many recesses each day?” I think recess is really important for everyone (kids and adults). […]