AI & Your SOC Report | What You Need to Know Now
Published on by Robert Ramsay, Bryan Gayhart, in SOC Reports, Video
Can’t watch the video? Get the transcript.
Artificial intelligence is now part of almost everything we do in the business world, but how do you get assurance on how it’s being used and what standards are being followed? Enter the ISO 42001 Framework for SOC reporting, a governance standard designed for the responsible use of AI.
In this episode of Ask the Experts, leading SOC reporting pros Robert Ramsay and Bryan Gayhart explore how organizations can incorporate AI into their SOC 2 reports using the ISO 42001 framework.
Note that adopting AI in a SOC report isn’t limited to software developers. Organizations across industries, including those simply using AI tools, can benefit from documenting how AI is governed within their environment. ISO 42001 aligns naturally with existing SOC 2 criteria, building on familiar elements like risk management, data governance, people, and processes, while adding an AI-focused lens.
For many companies, integrating AI into SOC reporting is becoming a business imperative. Customers are asking questions about AI usage during the sales cycle, and having clear answers backed by SOC reporting can help build trust and accelerate decisions. Whether organizations are ready to implement immediately or are planning for the near future, adding this framework can often be done efficiently, sometimes in as little as a month, depending on readiness. (Explore our SOC Reporting Readiness Assessment for more on that).
Robert and Bryan also look at how leading organizations are already reflecting AI usage in their SOC reports, signaling where the market is headed. Ultimately, ISO 42001 isn’t meant to complicate compliance, but to provide a structured, practical way to evaluate and govern AI across your operations.
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You might also be interested in our SOC Reporting FAQ, packed with answers to the top questions our team gets most often. And while you can’t perform a SOC report entirely on your own (it requires an independent CPA), there are a lot of steps you can take to streamline the process and keep your costs down. Explore our SOC Reporting DIY video series to get insights. And if you really want a deep dive, you can dig into our entire SOC Reporting Ask the Experts series on our YouTube channel.
If you’re ready to get started incorporating the ISO 42001 framework into your SOC report, get in touch. Our top SOC reporting pros are here to help, as well as answer other questions about your SOC reporting journey. As always, we’re here to help.
