FAQ: How long does a SOC 1 take to complete?

FAQ: How long does a SOC 1 take to complete?

This depends on how prepared and how many resources an Organization has to dedicate to the project. The first time through, usually a readiness assessment would be performed, and then a SOC 1 Type 1, and take anywhere from 2 to 3 months. However, there are situations where it may take 6 to 12 months should an Organization not have the resources or sufficient priority assigned.

A Type 2 report takes about 2 months to complete, but, it may take a little longer during the first audit and become more efficient every year thereafter.

Additional FAQs

SOC 1 Report – Who needs it?

Organizations that handle financial transactions, especially those impacting external financial statements, are good examples of those who need SOC1 audits.

SOC1 vs SOC2: Differences?

At a high-level, SOC1 is about financial controls, while SOC2 focuses on information security controls. They serve different end-user customers and stakeholders.

Get Our Emails

SOC Reporting Guide