FAQ: How often is a SOC 2 audit required?

FAQ: How often is a SOC 2 audit required?

SOC 2 Type II audits should be performed annually, however, there are times you may choose to perform them twice a year. Additionally, if recently completing a SOC 2 Type I, performing a SOC 2 Type II a few months later is also very common. 

Additional FAQs

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

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.

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.

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

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

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