Boulay's Articles

5 Pitfalls That Can Harm Your SOC 2 Audit

5 Pitfalls That Can Harm Your SOC 2 Audit

“Translator Wanted!”: Getting Your Board and IT to Speak the Same Language

I can promise you that we’ve all been there. The thousand-yard stare, glazed-over eyes, and certain- yet very much uncertain- nodding of heads that indicate the flatline of attention spans in real-time. A highly technical IT presentation given to a Board of Directors is known to have such an effect, but it doesn’t have to be that way.

Third Quarter 2019 Market Perspective

Third Quarter 2019 Market Perspective

The U.S. Department of Labor finalizes the new overtime rule

The U.S. Department of Labor’s final overtime rule goes into effect on January 1, 2020. Will your company be ready?

SOC2 Section III Decoded: Your Principal Service Commitments & System Requirements

In this article, Boulay describes the SOC2 Section III criteria related to principal service commitments and system requirements necessary to describe in the report.

IRS Issues Final QBI Real Estate Safe Harbor Rules

A safe harbor for rental real estate to qualify for the qualified business income deduction is now allowed.

Why are my Customers Asking for My SOC 2 Report?

Customers are increasingly asking for additional assurances regarding data security and protection. In today’s article, Boulay explains why and how to react.

SOC 2 FAQ

For many, SOC 2 is an oblique and confusing process. Our experts answer your frequently asked questions regarding SOC 2 to demystify this report.

IRS Provides Additional Guidance on Bonus Depreciation Under the TCJA

The IRS has released final regulations and another round of proposed regs for the first-year 100% bonus depreciation deduction. The Tax Cuts and Jobs Act (TCJA) expanded the deduction to 100% if the qualified property is placed in service through 2022, with the amount dropping each subsequent year by 20%, until it sunsets in 2027. (The phaseout reductions are delayed a year for certain property with longer production periods.) Of course, Congress could act before that to extend or revise the deduction.

Questions Your Customers are Asking Prior to Receiving Your SOC 2 Report

At Boulay, our Technology Risk experts work with enterprises both big and small to receive their SOC 2 reports . Our approach is not only tailored to the scope of your business, but the needs of the customers that you serve. The questions below represent a sample of what we hear from organizations asking for customer SOC 2 reports which we address through the compliance process to ensure the answer is readily available when questions are asked.

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