June 23, 2020 (SAN FRANCISCO) – For most organizations, the need to obtain a third-party security certification such as SOC 2 or ISO 27001 is critical to their business. Proving compliance to larger enterprises is a sales imperative and time is of the essence. Tugboat Logic, the leading security assurance company, is proud to announce it is teaming up with Armanino LLP, a top 25 national accounting and consulting firm, to provide an integrated security audit process that streamlines and expedites the audit process so organizations can build trust with their customers, decrease their sales cycles, and increase win rates.
For third-party attestations such as SOC 2 and ISO 27001, the audit journey is broken down into two phases - “audit readiness” and the “audit examination”. According to the AICPA, which governs and establishes guidelines for SOC 2, there needs to be independence between the entity conducting audit readiness and the entity conducting audit examination. While this guideline is necessary to maintain checks and balances, it creates a risk of things falling through the cracks during the process. Before an enterprise embarks on a time-consuming and costly security audit, there needs to be a high degree of confidence that they will successfully complete the audit and receive their report. Tugboat Logic and Armanino LLP have come together to eliminate this angst by offering a coordinated process that allows for a smooth handoff between readiness and the examination, while maintaining the integrity of checks and balances.
“The COVID-19 pandemic and current recession have forced enterprises to look for automation and remote collaboration tools that eliminate the need for on-site visits and reduce administrative costs. Some vendors have responded with cut-rate SOC 2 certification programs that are so poorly executed that it leaves customers lost in the process or worse, a qualified opinion audit report that has no real commercial value,” said Ray Kruck, Founder and CEO of Tugboat Logic. “As market leaders, Tugboat Logic and Armanino are committed to working together with our clients at every step of the journey to ensure these organizations obtain a reputable certification, at scale, with cost transparency, and in record time.”How It Works
Tugboat Logic will help organizations with the readiness phase of the audit process, which includes an automated Risk Assessment Survey to define their scope, automatic creation of InfoSec policies and controls from our Tugboat Labs content library, a centralized operations Readiness Dashboard for assigning and tracking review of policies and implementation of controls, and the AutoCollect Evidence suite of third-party integrations and purpose-built modules that continuously gather evidence in support of your audit.
Once readiness is completed, Tugboat Logic will smoothly transition to Armanino using the Tugboat Logic AuditLogic Module. This allows organizations to create an audit project and invite the auditor from Armanino into the Tugboat Logic platform. Armanino will then upload their audit evidence request list into the product and then collaborate with you remotely via the Tugboat Logic platform, using the convenient AuditLogic operations dashboard that gives yous a clear status of what evidence has been submitted, what evidence was accepted by Armanino, and what evidence tasks require more information.
“One of the main factors that delay audits is our clients suffering in silence since they may not understand some of the evidence requests from the auditor,” said Liam Collins, Partner at Armanino. “With Tugboat Logic, Armanino auditors can prevent this by having a real-time dashboard of the audit progress, and a simple way for our clients to ask questions to our auditors when they are unsure of a request. This helps speed up audits by up to 50%.”
For more information on how Tugboat Logic and Armanino can help your organization get your audits done more quickly and with less misery, please contact us at info at tugboatlogic dot com.About Tugboat Logic Tugboat Logic is the Security Assurance Platform. Unlike traditional consulting firms, only Tugboat Logic provides automated technology to demystify the process of creating and managing an InfoSec program. With Tugboat Logic, enterprises can quickly get secure and prove it to customers. Powered by AI, Tugboat Logic’s patent-pending technology automates InfoSec policy creation, audit readiness, and security questionnaire response so enterprises can gain trust with customers and sell more. Tugboat Logic helps you prepare for audits in half the time and at a fraction of the cost, ensures you respond to security questionnaires in minutes (not hours), and builds and scales your InfoSec plan in minutes. Tugboat Logic is a cloud-based subscription service, starting at $499 per month. You can evaluate the Tugboat platform in a trial account. About Armanino LLP
Armanino is one of the top 25 largest independent accounting and business consulting firms in the United States. We are a nationwide leader in serving privately-held companies, as well as, non-profit organizations and public entities. We provide four main areas of service – assurance/audit, tax, consulting and business management. Our technology focus and global services are key aspects of our service lines. We work with clients in a large range of industries including technology, manufacturing, and distribution, consumer business, nonprofit, private schools, real estate, professional services, life sciences, insurance and healthcare.