The SOC2 Audit is a comprehensive report that outlines the internal controls, practices, and procedures of a service organization, aligned with the Trust Service Criteria (TSC) set forth by the AICPA. This report certifies the effectiveness and appropriateness of the organization’s protection, availability, processing integrity, confidentiality, and privacy controls. It serves as an essential tool for clients when selecting a service organization to work with.
SOC2, also known as Service Organization Control 2, is a compliance audit that evaluates a service organization’s systems and processes against the TSC defined by the AICPA. This assessment is performed by an independent third-party auditor and offers stakeholders confidence that the organization maintains adequate controls to safeguard the security, availability, processing integrity, confidentiality, and privacy of the data it handles or stores for its clients.
SOC 2 compliance is synonymous with achieving SOC 2 certification, which requires meeting the minimum requirements of the principles defined by the Trust Services Criteria (TSC):
Security
Availability
Processing Integrity
Confidentiality
Privacy
The benefits of SOC 2 security compliance include improved internal and external communication, oversight, customer retention, and more efficient audits.
It’s important to note that there are two types of SOC 2 reports:
SOC 2 Type I: This report evaluates the design and existence of controls at a specific point in time.
SOC 2 Type II: This report assesses the design, existence, and operating effectiveness of controls over a specific period, typically a minimum of six months.
SOC 2 compliance audit helps service organizations demonstrate their commitment to data security and privacy to their customers, vendors, and business partners.
Why SOC 2 Audit & SOC 2 Report?|
A SOC 2 audit reveals details about the state of an organization’s compliance with the TSC principles. This information helps ensure that the