The System and Organization Control (SOC) 2 examination reports on one or any combination of the AICPA’s Trust Services Criteria including Security, Availability, Processing Integrity, Confidentiality, and Privacy. It demonstrates an organization’s commitment to its customer requirements and cybersecurity best practices.
The SOC 2 report is intended to meet the needs of a broad range of users that need detailed information and assurance about the controls at a service organization. The report can play an important role in oversight of the organization, vendor management programs, and internal corporate governance and risk management processes.
The report can be distributed to an organization’s stakeholders including user entities, CPAs providing services to such user entities, regulators, and business partners.
Organizations have the ability to choose one or a combination of the five AICPA Trust Services Criteria depending upon their customer needs:
Organizations that should consider a SOC 2 report include Cloud Service Providers (e.g., SaaS, IaaS, PaaS), enterprise systems housing third party data, IT systems management and data center colocation facilities. If you want to communicate your organization’s controls are properly designed, implemented and operating effectively, then the SOC 2 report may be right for you.
Obtaining a SOC 2 report provides assurance to prospective and current clients that you have procedures and controls in place to provide reliable services, which will differentiate your organization during the sales process. Additional benefits include:
The SOC 2 Type 1 Report (referred to as a point-in-time report), includes an opinion over the suitability of the design of controls at the service organization at a specific point in time. An initial type 1 report often serves as the starting point for subsequent type 2 reviews.
The SOC 2 Type 2 Report (referred to a period of time report)Â includes an opinion over the suitability of the design of controls at the service organization and the operating effectiveness of the controls throughout a specified period of time. This type of report is often issued annually.
We’re here to help you! Speak with a BARR specialist about your security and compliance needs.
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We’re here to help you! Speak with a BARR specialist about your security and compliance needs.
We’re here to help you! Speak with a BARR specialist about your security and compliance needs.
After we connect on a 30-minute call to determine your needs, BARR will send a proposal within one day to confirm our understanding. We guarantee client satisfaction or don’t pay us.
The readiness assessment provides three deliverables to assess your readiness to begin the audit: System Scope, Prioritization of Gaps, and Key Controls. This is accomplished as follows:
Remediate & Engage: You will correct your gaps prior to starting the audit period. An engagement letter with the agreed audit period is signed.
The Security You Need.
The Compliance to Succeed.
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