FAQ: We have a SOC 2. How much effort is GDPR?

FAQ: We have a SOC 2. How much effort is GDPR?

Assuming your Company is subject to GDPR, the level of effort depends a lot on the maturity of Organizational and Privacy controls. The Organizational will be mostly met by implementation of the related latest SOC 2 updates, which is good. However, if you are not currently including Privacy in your SOC 2, and do not have a strong privacy program in place, there will be a moderate level of short term effort required.

It should take approximately 2 to 3 months in collaboration with your Auditor to perform a readiness assessment of the specific GDPR requirements and implement said updates for most Company’s.

The upside of being required to implement GDPR is that there would be minimal effort to include Privacy and references to any unique GDPR requirements within future SOC 2 reports.

Additional FAQs

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

What are the costs of SOC 2?

There are a lot of factors that go into responding to this question. There are audit, consulting, software, internal resources, and other factors to consider which can easily grow from

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

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

Are Third Party Vendor reviews required for SOC 1 and SOC 2?

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.)

Can I fail a SOC 2 audit?

Yes, failure to meet the relevant Trust Service Criteria may result in a failed SOC 2 audit, requiring remediation. This is known as a Qualified Opinion when this happens.

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