Wolf & Company Auditor Profile
Wolf & Company is one of the oldest accounting firms in the United States, founded in 1911 in Boston. Over the past century, the firm has evolved into a leading IT audit and compliance practice, particularly for financial institutions and healthcare organizations.
Their longevity in the market means deep relationships with regulators and an institutional understanding of how compliance requirements have evolved over decades, particularly in banking and financial services.
What Wolf & Company Does Well
- Financial services expertise — Decades of experience auditing banks, credit unions, insurance companies, and fintech firms gives them unmatched industry depth.
- HITRUST leadership — One of the most experienced HITRUST assessor firms, with hundreds of validated assessments completed.
- Regulatory understanding — Deep knowledge of FFIEC, OCC, and state banking regulations that intersect with IT audit requirements.
Engagement Process
- Planning — Scope definition and engagement letter.
- Risk assessment — Identify key risks and control objectives.
- Control testing — Evaluate design and operating effectiveness.
- Fieldwork — On-site interviews and observation.
- Reporting — Draft review and final report issuance.
Pricing Expectations
SOC 2 Type II typically costs $30,000-$50,000. HITRUST validated assessments start around $35,000. Complex multi-framework engagements for large financial institutions can exceed $100,000.
Who Should Choose Wolf & Company
Financial institutions, healthcare organizations, and enterprises that need an established firm with deep regulatory expertise. Not ideal for early-stage startups seeking budget-friendly options.