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NEI Global Relocation is pleased to announce that our Service Organization Control (SOC 1 and SOC 2) audits achieved ZERO findings for the second year in a row and in five of the past six years.
SOC 1 – Compliance with Financial Laws and Regulations to Combat Fraud
A SOC 1 audit is for service organizations and assesses the internal controls and procedures which are in place to protect client data and ensure controls around processes are operating as designed – more specifically related to financial reporting. A SOC 1 report validates the organization's commitment to delivering high quality, secure services to clients.
This report provides customers with an independent opinion so they can be confident that financial laws and regulations comply with corporate responsibilities to combat corporate and accounting fraud.
“This is an amazing accomplishment! We are so proud of our employees who always stay focused on the details and following our established processes,” said Michelle Moore, NEI Chief Global Mobility officer. “As a service organization, there is no higher compliment than to go through an extensive SOC 1 audit with ZERO findings. Thank you to all our employees for recognizing the importance of being consistent with processes and accurate with data.”
The AICPA clarifies that this type of SOC report for service organizations provides a level of assurance to the organizations’ clients that financial reporting is practiced in accordance with the Statement on Standards for Attestation Engagements SSAE No. 18.
SOC 2 – Availability, Security, and Confidentiality
The SOC 2 report addresses a service organization’s controls that relate to services, operations, and compliance. NEI’s SOC 2 reports on the criteria of availability, security, and confidentiality – that which is often categorized under data security.
“We are very excited to receive this kind of recognition with our SOC 2 audit,” said Greg Keith, NEI Chief Information Officer. “The fact that we have achieved “zero findings” so often means NEI employees are performing extremely well with our data security processes and controls. Privacy and liability concerns have increased the demand for assurances of confidentiality and privacy with customer data. These results clearly demonstrate our commitment to protecting confidential information.”
The SOC 2 report is connected to the SSAE 18 standard and was created in part because of the rise of cloud computing and business outsourcing of functions to service organizations.
In addition to our excellent SOC 1 & 2 Type 2 ZERO findings results over the years, NEI was recognized with more #1 rankings than any other relocation management company in the 2020, 2021 and 2022 Trippel Relocation Managers’ Surveys.
Should you want more information about our SOC 1 and 2 Audit results, please reach out to Michelle Moore, NEI Chief Global Mobility Officer or Greg Keith, NEI Chief Information Officer. We are always here to help.
NEI Global Relocation is pleased to announce that our Service Organization Control (SOC 1 and SOC 2) audits achieved ZERO findings for the second year in a row and in five of the past six years.
SOC 1 – Compliance with Financial Laws and Regulations to Combat Fraud
A SOC 1 audit is for service organizations and assesses the internal controls and procedures which are in place to protect client data and ensure controls around processes are operating as designed – more specifically related to financial reporting. A SOC 1 report validates the organization's commitment to delivering high quality, secure services to clients.
This report provides customers with an independent opinion so they can be confident that financial laws and regulations comply with corporate responsibilities to combat corporate and accounting fraud.
“This is an amazing accomplishment! We are so proud of our employees who always stay focused on the details and following our established processes,” said Michelle Moore, NEI Chief Global Mobility officer. “As a service organization, there is no higher compliment than to go through an extensive SOC 1 audit with ZERO findings. Thank you to all our employees for recognizing the importance of being consistent with processes and accurate with data.”
The AICPA clarifies that this type of SOC report for service organizations provides a level of assurance to the organizations’ clients that financial reporting is practiced in accordance with the Statement on Standards for Attestation Engagements SSAE No. 18.
SOC 2 – Availability, Security, and Confidentiality
The SOC 2 report addresses a service organization’s controls that relate to services, operations, and compliance. NEI’s SOC 2 reports on the criteria of availability, security, and confidentiality – that which is often categorized under data security.
“We are very excited to receive this kind of recognition with our SOC 2 audit,” said Greg Keith, NEI Chief Information Officer. “The fact that we have achieved “zero findings” so often means NEI employees are performing extremely well with our data security processes and controls. Privacy and liability concerns have increased the demand for assurances of confidentiality and privacy with customer data. These results clearly demonstrate our commitment to protecting confidential information.”
The SOC 2 report is connected to the SSAE 18 standard and was created in part because of the rise of cloud computing and business outsourcing of functions to service organizations.
In addition to our excellent SOC 1 & 2 Type 2 ZERO findings results over the years, NEI was recognized with more #1 rankings than any other relocation management company in the 2020, 2021 and 2022 Trippel Relocation Managers’ Surveys.
Should you want more information about our SOC 1 and 2 Audit results, please reach out to Michelle Moore, NEI Chief Global Mobility Officer or Greg Keith, NEI Chief Information Officer. We are always here to help.
