Organizations that handle financial transactions, especially those impacting external financial statements, are good examples of those who need SOC1 audits.
As of the latest SSAE 18 and SOC 2 updates, vendor management and review of any relevant compliance / audit reports (SOC 1, SOC 2, HITRUST, ISO 27001/2, PCI, etc.)
As of the latest SSAE 18 and SOC 2 updates, vendor management and review of any relevant compliance / audit reports (SOC 1, SOC 2, HITRUST, ISO 27001/2, PCI, etc.) has become
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
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
The five SOC 2 criteria are Security, Availability, Processing Integrity, Confidentiality, and Privacy.
The availability criteria addresses how you go about ensuring the in-scope data and systems stay online and recoverability should go awry.
SOC Reporting Guide