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 can cover the design (type 1 report) or operating effectiveness (type 2 report) of controls around a Company’s system over any number of categories, including, Security, Availability, Confidentiality, Processing Integrity, and/or Privacy.
See our more detailed SOC 2 Report page for more information.
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
SOC 2 is not a certification, it’s a third party attestation of the controls in place at your organization. Typically when a company is asking this question though the answer
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
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.
Organizations that handle financial transactions, especially those impacting external financial statements, are good examples of those who need SOC1 audits.
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
SOC Reporting Guide