You tell your customers your internal controls are working. Your Service Organization Control (SOC) report helps them to trust you. As a third-party service organization, a documented understanding of your control environment is often required by client auditors, chief compliance officers, customers, and others.
BBD provides readiness assessments and SOC examinations in accordance with SSAE 18 and AT Section 101 for service organizations across the country. Many of these engagements are performed for the fund accounting, alternative investment accounting, and transfer agent functions of investment company service providers.
With the combination of our investment management industry and SOC examination expertise, BBD offers unique value for investment management industry service providers. We realize that many firms offer SOC examination services, but most of those firms do not also maintain a significant focus in the investment management industry. And most also will not offer investment management experts as senior members of your service team.