FAQ: What are the costs of SOC 2?

FAQ: 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 $30,000 to $200,000 depending on how the effort is accounted for.

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

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.

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

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