Praxis Consulting delivers global governance, regulatory, and compliance advisory services to help organizations meet obligations, manage risk, and improve accountability.

SOC 1 & SOC 2 Advisory and Attestation Services | Praxis Consulting

Build trust with customers, partners, and auditors by demonstrating that your controls are designed effectively—and operating consistently. Praxis Consulting helps service organizations prepare for and complete SOC 1 and SOC 2 engagements through practical advisory support and end-to-end audit readiness.

What are SOC Reports—and why do they matter?

SOC reports are independent assurance reports used by customers and stakeholders to evaluate a service organization’s control environment. A strong SOC report can:

• Accelerate vendor due diligence and sales cycles
• Increase confidence in your risk management and governance
• Reduce repetitive security and controls questionnaires
• Prove control maturity to auditors, customers, and regulators

SOC 1 Advisory and Attestation (ICFR)

In the auditing world, a SOC 1 audit report is a report on the internal controls over financial reporting (ICFR) of a service organization. To obtain a SOC 1 Attestation, an independent CPA firm must conduct the audit.

Receiving a SOC 1 report demonstrates your organization’s commitment to maintaining the integrity of its controls, information technology, networks, and systems—especially where your services impact customer financial reporting.

SOC 1 Type I vs SOC 1 Type II

A SOC 1 audit can be divided into two categories:

SOC 1 Type I

A SOC 1 Type I report verifies the design and implementation of internal controls at a service organization that are related to financial transactions—as of a specific point in time.

Best for:

• New controls programs
• Organizations needing a baseline attestation quickly
• Customers requesting confirmation of control design

SOC 1 Type II

A SOC 1 Type II report verifies the operational effectiveness of internal controls that have been designed and implemented—over a defined period of time.

Best for:

• Mature control environments
• Enterprises with ongoing customer/vendor requirements
• Demonstrating controls operate consistently

How Praxis Consulting supports your SOC 1 engagement

• ICFR scoping and boundary definition
• Control design review and gap assessment
• Process walkthrough preparation and evidence planning
• Control testing readiness and remediation support
• Audit coordination support with an independent CPA firm

SOC 2 Advisory and Attestation (Trust Services Criteria)

A SOC 2 audit is a report containing details of the evaluation of a service organization’s internal controls, policies, and procedures in relation to the AICPA Trust Services Criteria.

SOC 2 reports help your customers evaluate whether the controls at your organization are appropriate and effective for:

• Security
• Availability
• Processing Integrity
• Confidentiality
• Privacy

In most cases, the audit report helps clients make decisions about which service organization to work with to achieve their goals—making SOC 2 a key trust signal for modern service providers.

SOC 2 reporting options (based on your needs)

Depending on your objectives and customer expectations, different SOC 2 report types and scope selections may apply. Praxis Consulting helps you select the right path and prepares your organization to meet it efficiently.

How Praxis Consulting supports your SOC 2 engagement

• Trust Services Criteria mapping and scoping guidance
• Policies, procedures, and control framework alignment
• Evidence strategy and audit-ready documentation support
• Control implementation guidance and remediation planning
• Readiness support leading into CPA-led attestation

Why choose Praxis Consulting?

Praxis Consulting brings a pragmatic, business-first approach to SOC readiness—helping you meet assurance requirements without slowing down operations. We focus on clarity, efficiency, and audit outcomes that support your growth.

Get started with SOC 1 or SOC 2

Whether you need SOC 1 for financial reporting assurance or SOC 2 to demonstrate security and privacy maturity, Praxis Consulting can help you move from requirements to readiness—confidently.

Contact Praxis Consulting to schedule a SOC readiness discussion and define the best next steps for your organization.

SOX 404 Compliance Services | Praxis Consulting

Strengthen investor confidence and reduce financial reporting risk with a well-designed, well-tested SOX Section 404 compliance program. Praxis Consulting helps publicly traded companies build and maintain internal controls over financial reporting (ICFR) using a practical, risk-based approach—from initial scoping through testing and ongoing compliance support.

What is SOX 404 (Sarbanes-Oxley Act Section 404)?

The Sarbanes-Oxley Act (SOX) Section 404, often referred to as SOX compliance or SOX 404, is a stringent protocol for internal controls that affect financial reporting and security in publicly traded companies. It was enacted in response to increasing financial scandals in the financial services industry and requires organizations to demonstrate that financial reporting is accurate and that supporting data is secure.

Public companies must provide evidence of accurate, data-secure financial reporting to meet annual audit requirements. SOX also influences the financial operations and disclosures of corporate entities, including oversight of financial service providers that support critical reporting processes.

Why SOX 404 compliance matters

A strong SOX program does more than “pass the audit.” It helps your organization:

• Reduce material misstatement risk through reliable ICFR
• Improve governance, accountability, and process discipline
• Support audit efficiency through consistent documentation and evidence
• Strengthen security and control ownership across systems and teams
• Establish repeatable controls that scale with growth and change

SOX 404 Audit Readiness & Compliance Support (End-to-End)

Praxis Consulting supports your SOX audit process using proven assessment and implementation methodologies grounded in current best practices. We help you design a program that is audit-ready, sustainable, and aligned to how your teams actually operate.

Our SOX 404 methodology includes

Scoping

Define what’s in-scope for SOX based on financial reporting impact, key processes, systems, locations, and third parties—so you focus effort where it matters most.

Risk Assessments

Use a risk-based approach to identify and prioritize ICFR risks, including process-level and IT-related risks that can affect reporting accuracy and integrity.

Documentation

Develop and refine SOX-required documentation, such as narratives, process flows, risk-control matrices (RCMs), and control descriptions that stand up to audit scrutiny.

SOX Compliance Testing

Plan and execute testing support for design and operating effectiveness, including evidence requirements, sampling strategy support, and remediation tracking.

Remediation & Control Optimization

Address gaps efficiently by redesigning controls where needed and improving clarity around ownership, frequency, and evidence—reducing repeat findings.

Risk-based SOX 404 approach that improves control effectiveness

With a risk-based approach, Praxis Consulting helps you:

• Identify internal controls over financial reporting risks early
• Address the highest-impact risks first
• Implement controls with a well-tested control architecture
• Build a compliance program that is repeatable year over year

Tailored SOX compliance services—on time and within budget

Every SOX environment is different. Our team works closely with your stakeholders to deliver tailored services that match your SOX requirements, timelines, and audit expectations—while maintaining a high bar for quality and documentation.

Who we support

Praxis Consulting’s SOX 404 services are ideal for:

• Newly public companies building SOX programs for the first time
• Public companies optimizing an existing SOX compliance program
• Organizations undergoing system implementations or major process change
• Finance, Internal Audit, IT, and Compliance teams seeking scalable ICFR controls

Get started with SOX 404 compliance

If you’re preparing for a first-year SOX program or improving your existing controls and testing cycle, Praxis Consulting can help you build a clear roadmap and execute confidently.

Contact Praxis Consulting to schedule a SOX 404 readiness discussion and define your scope, risks, and next steps.

PCI Compliance Services | Praxis Consulting

PCI DSS, PCI PIN & PCI SSF Advisory and Certification Support

Protect cardholder data, reduce fraud risk, and meet customer and brand requirements with a PCI program that’s built to last. Praxis Consulting provides PCI DSS advisory and audit readiness, plus specialized support for PCI PIN and PCI Software Security Framework (PCI SSF) compliance—helping payment ecosystems strengthen security controls across people, process, and technology.

PCI DSS Advisory & Audit Readiness

The Payment Card Industry Data Security Standard (PCI DSS) is a set of information security standards created in 2004 by major credit card companies—Visa, MasterCard, Discover, JCB, and American Express—as part of the Payment Card Industry Data Security Initiative. The Standard is overseen by the Payment Card Industry Security Standards Council (PCI SSC).

What is PCI DSS designed to do?

The primary goal of PCI DSS is to protect the transaction process for credit and debit card payments and reduce the risk of theft and fraud. While PCI DSS is not a law, it is a widely required security standard for organizations that accept, process, store, or transmit cardholder data.

Who needs a PCI DSS audit?

A PCI DSS audit/assessment is typically required annually for businesses that accept or process credit or debit card payments. The assessment generally evaluates security controls and operational processes, including:

• Data security controls (e.g., encryption, secure handling, data retention)
• Identity and access management (e.g., authentication, access control management)
• Security monitoring and incident response expectations
• Physical security and environment controls (where applicable)

How Praxis Consulting helps with PCI DSS

Praxis Consulting supports PCI DSS programs with a practical approach focused on scope clarity, strong evidence, and audit readiness:

• PCI DSS scoping support (systems, networks, and cardholder data environment)
• Gap assessment and remediation planning
• Policy and procedure alignment to PCI requirements
• Evidence planning and control operationalization
• Readiness support leading into your annual assessment

PCI PIN Advisory & Certification Support

A Payment Card Industry PIN (PCI PIN) standard is a security standard developed by the PCI Council to protect PIN data in the payment processing industry. It defines requirements for the secure management, processing, and transmission of PINs during card transactions conducted both online and offline.

What PCI PIN covers

PCI PIN focuses on ensuring PIN data is not compromised—especially during sensitive moments like key exchange. The standard includes 33 requirements, organized into seven logically related groups known as Control Objectives.

PCI PIN is primarily concerned with protecting:

• POS (point-of-sale) devices and terminals (attended/manned merchant terminals)
• Unattended Payment Terminals (UPTs) such as parking payment machines
• Offline card transactions processed at ATMs
• Attended and unattended POS terminals, and e-commerce transactions, in addition to online transactions

How Praxis Consulting supports PCI PIN compliance

• Assessment support aligned to PCI PIN Control Objectives
• Key management and PIN data protection readiness guidance
• Controls, evidence, and operational procedure alignment
• Support for secure device/terminal handling and access control expectations

PCI SSF Advisory & Certification Support (Software Security Framework)

The PCI Software Security Framework (PCI SSF), published by the PCI SSC in 2019, is designed to ensure secure design and development of payment software during the development lifecycle. PCI SSF was created to improve the security of payment application software and help protect online payment transactions—supporting both modern and traditional payment software applications.

Why PCI SSF matters for payment software

PCI SSF provides a comprehensive security standard for payment software developers and maintainers, helping to:

• Reduce data vulnerabilities in payment software
• Establish stronger defenses against cyber attacks
• Implement robust security development practices aligned to PCI expectations

PCI SSF programs: SSL and SSS

PCI SSF includes two independent programs, each with its own requirements, validation criteria, and PCI SSC listing approach:

• Secure Software Lifecycle (SSL) Program
• Secure Software Standard (SSS)

Vendors must evaluate which program(s) apply to their products and services to achieve compliance.

How Praxis Consulting supports PCI SSF

• Program selection guidance (SSL vs SSS applicability)
• Secure development lifecycle alignment and control mapping
• Documentation and validation-readiness support
• Practical remediation planning to meet SSF requirements
• Advisory support to improve security posture without slowing delivery

Why choose Praxis Consulting for PCI compliance?

Praxis Consulting helps organizations build PCI programs that are audit-ready and operationally sustainable—so you can meet compliance expectations while improving real-world security.

You can expect:

• Clear scoping and prioritization
• Actionable remediation roadmaps
• Audit-ready evidence and documentation support
• A business-aligned approach to security controls

Get started with PCI DSS, PCI PIN, or PCI SSF

Whether you’re preparing for an annual PCI DSS assessment, securing PIN processing environments, or aligning payment software to PCI SSF, Praxis Consulting can help you move from requirements to readiness.

Contact Praxis Consulting to discuss your current environment and the right PCI compliance path for your business.

COSO Framework Implementation Services | Praxis Consulting

Business-Driven Internal Controls, Governance & Enterprise Risk Management (ERM)

Build an internal control environment that’s driven by business objectives—not just regulatory checklists. Praxis Consulting helps organizations implement the COSO framework to strengthen governance, reduce fraud risk, and move from people-dependent practices to a sustainable, system-based control approach.

What is the COSO Framework?

COSO is a leading framework used to define and improve internal controls across an organization. It’s especially valuable when you want controls to be aligned to business goals and outcomes, rather than being designed solely to satisfy external regulations.

COSO supports the development of policies, procedures, and processes across all aspects of the business—helping create a governance system that promotes:

• Ethical behavior and integrity
• Accountability and operational discipline
• Protection from fraud and control breakdowns
• Consistent, repeatable processes that scale

COSO is an acronym that stands for the Committee on Standards for Organizations.

Why implement COSO?

When implemented well, COSO helps organizations define clear objectives and build controls that support them—then continuously improve over time to protect the interests of all stakeholders.

Organizations adopt COSO to:

• Strengthen internal controls with measurable accountability
• Improve decision-making through structured risk and control practices
• Reduce operational, financial, and compliance risk
• Establish consistent governance across departments and locations
• Transition from informal, people-driven processes to system-based control management

COSO Implementation Approach at Praxis Consulting

Praxis Consulting uses a structured approach that starts with defining business objectives and then designs internal controls to support those objectives.

Our typical COSO engagement includes

1) Business Objectives & Control Strategy

We work with leadership to identify business objectives and translate them into control principles, governance expectations, and measurable outcomes.

2) Process & Risk Understanding

We assess current processes, identify control gaps and enterprise risks, and prioritize what to address first—supporting a more proactive ERM posture.

3) Policy, Procedure & Process Rollout

A typical COSO implementation includes rolling out 30+ policies across the organization. Praxis Consulting helps you draft, standardize, socialize, and implement these policies in a way teams can actually follow.

4) Compliance Measurement & Operating Rhythm

Compliance is measured monthly, supported by an annual compliance plan. We help set up the cadence, ownership model, reporting structure, and evidence expectations to keep COSO operating year-round.

5) Continuous Improvement

COSO is not a one-time project. We help refine controls and processes over time using lessons learned, compliance results, and evolving business objectives.

Outcomes you can expect

With a COSO-aligned internal control program, organizations typically achieve:

• Stronger governance and clearer ownership of controls
• Reduced reliance on specific individuals to “make things work”
• Improved integrity and fraud prevention safeguards
• More proactive enterprise risk management and oversight
• Repeatable compliance measurement aligned to business priorities

Who this is for

COSO implementation is ideal for organizations that want to:

• Build a scalable internal controls program across functions
• Improve governance and risk management without over-indexing on regulatory compliance
• Establish consistent policies and operating procedures across departments
• Create an auditable, measurable control environment that supports stakeholder confidence

Start your COSO implementation with Praxis Consulting

If you want a business-driven internal controls framework that improves governance, integrity, and enterprise risk management, Praxis Consulting can help you implement COSO with a clear roadmap and a sustainable operating model.

Contact Praxis Consulting to discuss your objectives and plan a COSO implementation tailored to your organization.

HIPAA Compliance Consulting & Implementation Services | Praxis Consulting

Protect ePHI. Reduce risk. Build a secure, audit-ready environment.

Handling electronic protected health information (ePHI) comes with strict security and privacy expectations. Praxis Consulting provides HIPAA consulting services and hands-on implementation assistance to help organizations identify ePHI exposure, close compliance gaps, and build sustainable safeguards across people, process, and technology.

HIPAA Consulting Services (End-to-End Support)

Praxis Consulting supports your HIPAA compliance journey from discovery through ongoing readiness—so you can move beyond checklists to a defensible, secure program.

ePHI Identification & Assessment

We help you identify where ePHI exists across your network and systems, how it flows, and who can access it—forming the foundation for compliance and security improvements.

HIPAA Risk Assessment

We perform a structured risk assessment focused on threats to confidentiality, integrity, and availability of ePHI, and prioritize risks based on impact and likelihood.

Vulnerability Assessment

We evaluate technical and operational vulnerabilities that could lead to unauthorized access, data exposure, or disruption—then translate findings into actionable remediation steps.

Detailed Recommendations & Remediation Roadmap

You receive clear, practical recommendations with a prioritized plan—what to fix first, what evidence to maintain, and how to sustain controls over time.

HIPAA Policies & Documentation Support

We support the creation and improvement of HIPAA-aligned policies, procedures, and documentation, helping you establish consistent expectations for workforce behavior, access, incident handling, and data protection.

Gap Implementation Tracking

Praxis Consulting helps you manage remediation to completion with gap tracking, ownership, target dates, and status reporting—keeping the program moving and audit-ready.

HIPAA Training & Awareness

We provide training and coaching to build workforce awareness and reduce human risk, aligning staff practices to HIPAA requirements and your organization’s security goals.

Coaching for Data Protection Officers / Compliance Owners

We coach your internal compliance leadership (including data protection officers or equivalent roles) on operating the program, managing evidence, and sustaining ongoing compliance.

Internal Audit & Readiness Review

We conduct an internal audit-style review to validate control implementation, test effectiveness, and identify remaining gaps before an external review or customer audit.

Management Review Support

We help prepare and facilitate management review, ensuring leadership has visibility into risks, remediation progress, and program performance—supporting governance and accountability.

What you achieve with Praxis Consulting

Our HIPAA consulting and implementation services are designed to deliver:

• A clearer understanding of where ePHI lives and how it’s protected
• Reduced security and compliance risk through prioritized remediation
• Stronger policies, documentation, and training to support consistent behavior
• Audit-ready evidence and governance for long-term HIPAA compliance
• A more secure environment for patients, partners, and stakeholders

Who we help

Praxis Consulting supports organizations that create, access, store, or transmit ePHI, including:

• Healthcare providers and clinics
• Healthtech and SaaS platforms handling patient data
• Billing, claims, and payment-related service providers
• Third-party vendors supporting healthcare operations

Get started with HIPAA compliance

Whether you’re starting from scratch, preparing for an audit, or strengthening a mature program, Praxis Consulting can help you achieve successful HIPAA compliance and maintain a secure environment.

Contact Praxis Consulting to schedule a HIPAA discovery call and scope your assessment and implementation plan.

GDPR Compliance Consulting Services | Praxis Consulting

EU GDPR readiness for India, Southeast Asia, Middle East & USA-based organizations

If your organization collects or processes personal data connected to individuals in the European Union, GDPR compliance is not optional—it’s a legal requirement with serious financial and reputational consequences. Praxis Consulting helps organizations in India, Southeast Asia, the Middle East, and the United States build practical GDPR programs that reduce risk, improve governance, and stand up to customer and regulator scrutiny.

The General Data Protection Regulation (GDPR) is the EU’s privacy law designed to protect the rights of individuals in the European Union regarding their personal data. It applies to businesses that collect, process, store, or transmit personal information about EU individuals—and requires that personal data is lawfully collected, properly protected, and not misused or exploited.

Non-compliance can lead to significant penalties of up to 4% of annual global turnover or €20 million (whichever is greater).

GDPR compliance—what it requires in practice

Praxis Consulting supports GDPR implementation with a business-friendly approach focused on measurable outcomes. Typical GDPR compliance expectations include:

• Lawful basis for processing and clear notices (transparency)
• Data minimization, purpose limitation, and retention controls
• Data subject rights handling (access, deletion, correction, etc.)
• Vendor/processor governance and contractual controls
• Security safeguards aligned to risk (technical + organizational measures)
• Incident response readiness and breach reporting workflows
• Accountability, documentation, and audit-ready evidence

GDPR for global businesses: regional considerations & local privacy laws

Many organizations outside the EU must comply with GDPR due to cross-border business models (customers, users, employees, or partners in the EU). At the same time, most regions also have their own privacy laws. Praxis Consulting helps you build a GDPR-aligned program that also maps to local obligations.

India: GDPR + India privacy compliance alignment

Organizations in India often need GDPR compliance due to EU clients, cross-border processing, and global delivery teams. We help you align GDPR controls with India’s evolving privacy and cybersecurity expectations, including:

• Digital Personal Data Protection Act, 2023 (DPDP Act) considerations (consent, notices, data principal rights, breach response, governance)
• Information Technology Act, 2000 and related security/privacy rules (where applicable)
• Contracting and vendor management for cross-border processing
• Data governance for shared services, BPO/ITeS delivery, and SaaS platforms

Common use cases in India

• SaaS companies selling to EU customers
• IT/ITeS firms processing EU personal data on behalf of clients
• Healthcare, fintech, and e-commerce platforms with EU users

Southeast Asia: GDPR readiness with local privacy law mapping

Southeast Asia is a rapidly growing hub for tech, outsourcing, and digital payments—often involving EU data. Praxis Consulting helps implement GDPR while mapping controls to regional privacy laws and regulator expectations, such as:

• Singapore PDPA (Personal Data Protection Act)
• Malaysia PDPA
• Thailand PDPA
• Philippines Data Privacy Act
• Indonesia PDP Law

Typical focus areas

• Consent and notice harmonization across jurisdictions
• Cross-border transfer governance and vendor controls
• Security controls and breach response coordination across entities

Middle East: GDPR plus national data protection programs

Organizations in the Middle East increasingly handle EU data through tourism, aviation, banking, cloud services, and cross-border hiring. We help you build GDPR compliance and align it with regional laws and frameworks, including:

• UAE Federal Decree-Law No. 45 of 2021 (UAE PDPL)
• DIFC Data Protection Law (Dubai International Financial Centre)
• ADGM Data Protection Regulations (Abu Dhabi Global Market)
• Saudi Arabia PDPL (Kingdom of Saudi Arabia Personal Data Protection Law)
• Qatar PDPL (where applicable)

Typical focus areas

• Cross-border transfer assessments and contractual controls
• Privacy governance models for multi-entity groups
• Policies, records of processing, and incident response alignment

USA: GDPR compliance for US companies + US privacy laws

US-based companies frequently fall under GDPR due to EU customers, website tracking, and global operations. Praxis Consulting helps US organizations meet GDPR expectations while aligning with key US privacy and security requirements, including:

• State privacy laws such as California CCPA/CPRA (and similar state laws where applicable)
• Sectoral requirements such as HIPAA (health data) and GLBA (financial institutions)
• Security expectations and contractual requirements driven by customers and vendors

Typical focus areas

• Cookie/consent management and marketing privacy governance
• Vendor/processor contract updates (DPAs, SCC-ready clauses as needed)
• Breach readiness and incident response playbooks

GDPR Consulting & Implementation Services (What Praxis Consulting delivers)

We provide end-to-end support tailored to your industry, data flows, and regional footprint.

GDPR Readiness Assessment & Gap Analysis

• Assess current privacy posture against GDPR requirements
• Identify gaps in governance, technical controls, and documentation
• Produce a prioritized remediation roadmap

Data Discovery, Classification & Mapping

• Identify personal data across systems, apps, endpoints, and vendors
• Map processing activities and data flows (including cross-border transfers)
• Support creation of Records of Processing Activities (RoPA) where required

Legal Basis, Notices & Consent Enablement

• Support lawful basis analysis and practical implementation
• Improve privacy notices and user transparency
• Strengthen consent and preference management approaches

Data Subject Rights (DSR) Operating Model

• Build workflows for access, deletion, correction, portability, and objection
• Define intake channels, identity verification, SLAs, and evidence retention
• Reduce operational burden with standardized playbooks

Vendor & Third-Party Risk / DPA Support

• Processor onboarding controls and vendor due diligence support
• Contractual controls and GDPR-aligned clauses
• Ongoing monitoring framework and accountability documentation

Security & Privacy Controls Implementation

• Technical and organizational measures to protect personal data
• Access control, logging, retention, encryption, and secure SDLC support
• Privacy-by-design guidance for product and engineering teams

Incident Response & Breach Readiness

• Strengthen breach detection and response procedures
• Define escalation, roles, and evidence requirements
• Align response playbooks to GDPR reporting expectations

Training & Governance

• Role-based privacy training (HR, marketing, product, engineering, support)
• Governance model, reporting cadence, and management oversight

Why Praxis Consulting

• Practical GDPR programs designed for real operating environments
• Cross-region support (India, SEA, Middle East, USA) with local-law alignment
• Documentation + implementation focus (not just advisory slide decks)
• Emphasis on audit-ready evidence and sustainable processes

Get started with GDPR compliance

Whether you’re an India-based service provider supporting EU clients, a US SaaS company with EU users, or a regional enterprise operating across SEA or the Middle East—Praxis Consulting can help you achieve GDPR compliance and reduce cross-border privacy risk.

Contact Praxis Consulting to schedule a GDPR readiness call and define your scope, priorities, and implementation plan.