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 stemmed from the original SAS 70 report, which, once SSAE 16 was issued in April 2010, the formal report name was changed to being a SOC 1 report
The availability criteria addresses how you go about ensuring the in-scope data and systems stay online and recoverability should go awry.
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
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
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
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.
SOC Reporting Guide