FAQ: How does a company get SOC 2 certified?

FAQ: How does a company get SOC 2 certified?

SOC 2 is not a certification, it’s a third party attestation of the controls in place at your organization. Typically when a company is asking this question though the answer is you start by understanding your scope (the system, SOC 2 categories, etc.), performing a readiness assessment, and then undergoing either a Type 1 and/or Type 2 assessment by a CPA firm. You’ll end up with a detailed report stating the effectiveness of your controls, which, ultimately is what someone would refer to as being SOC 2 certified.

Additional FAQs

Are Representation Letters Required in SSAE 18?

Previously in SSAE-16 a Management Representation Letter was highly recommended and common practice, however, they were not explicitly required to be obtained except in certain existing subject matter sections. This

SOC 1 or HITRUST?

The SOC 1 has a completely different purpose than HITRUST. Typically a company would perform both if they are a TPA processing medical claims and other claims, where, there is

What is SSAE 18 (formerly SSAE 16)?

A SOC 1 Type 1 report typically costs on average anywhere between $10,000 and $20,000 USD, without the readiness assessment project which most Organizations benefit from and can be an

What is SSAE 18 (formerly SSAE 16)?

The SSAE 18 audit standard is a framework for reporting on an examination of controls at a service organization relevant to user entities’ internal control over financial reporting.

What is a SOC 2?

The Service and Organization Controls 2 Report, formally known as a Service Organization Controls Report as of the most recent update to the SSAE 18 audit standard. A SOC 2 report

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