By: Adam Winter, Chief Technology Officer

What is SOC 2 and Why is it Important?

Clarus R+D | May 25, 2022 | 1 min read

SOC 2 compliance is a crucial framework for technology and cloud computing companies today. Created by the American Institute of CPAs (AICPA), the goal of SOC 2 is to make sure that systems are set up to assure the security, confidentiality, and privacy of customer data. It demonstrates an organization’s commitment to maintaining a high level of information security.

Clarus R+D is proud to be certified as SOC 2 (type II) compliant.

The goal of SOC 2 is to make sure that systems are set up to assure the security, confidentiality, and privacy of customer data.

Becoming SOC 2 compliant involves adhering to a complex set of standards and requirements pertaining to how a company safeguards data and how well those safeguarding measures are performing. Being type II compliant involves a more thorough audit process to observe how security functions operate over a longer period of time, instead of an audit done from reports taken at a specific moment in time.

SOC 2 audits are performed by auditors at licensed CPA firms who specialize in information security. Receiving a SOC 2 certification indicates that an organization has significant security processes in place in order to protect customer data, confidentiality, and privacy.

R&D studies require the compilation of personal and sensitive information, including wages, employee details, and company product information. Having systems with advanced security measures allows users to feel confident since this data is crucial to building R&D studies that are IRS compliant and defensible in the event of an audit.

At Clarus R+D, we are committed to the security and protection of client data. Our R&D tax credit platform is built around IRS standards to provide defensible and complete R&D studies, all while securing the sensitive information that is used within these studies.

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ABOUT CLARUS R+DWith custom software backed by a team of tax experts, Clarus R+D specializes in tax credits for growth businesses. Our technology-driven solution simplifies the process, maximizes benefit, and ensures compliance. We partner with accounting firms, financial advisors, investors, payroll providers, and more.

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