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 additional $5,000 to $10,000 USD depending on the level of assistance required and project scope.
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.