SOC 3 Compliance

Assurance on Your Service Organization’s Controls

Simplify Security and Compliance with BARR Advisory

With thousands of SOC reports issued, BARR not only serves as your auditor—we’re your trusted security partner. Throughout your SOC 3 engagement, our experts will show you how to use security and compliance as a differentiator, leveraging our services to help you achieve your organizational goals. 

The SOC 3 report is designed for users who want assurance on a service organization’s controls, but do not have the need for the detailed, comprehensive SOC 2 report. Essentially a smaller scale SOC 2 report, the SOC 3 is easy-to-read and can be viewed by anyone (general use).

Like SOC 2, a SOC 3 reports on if the service organization achieved one or more of the five AICPA Trust Services Criteria, which include:

  1. Security – The system is protected against unauthorized physical and logical access.
  2. Availability – The system is available for operation and used as agreed upon.
  3. Processing Integrity – System processing is complete, accurate, timely, and authorized.
  4. Confidentiality – Information designated as confidential is protected as agreed upon.
  5. Privacy – Personal information is collected, used, retained, disclosed, and/or destroyed in accordance with established standards.

Because of the lack of detail in a SOC 3 report, the audit must be a Type 2 report.

Organizations that should consider a SOC 3 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, but do not want to reveal the details of controls, then the SOC 3 report may be right for you.

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Why BARR for SOC 3 Reporting

BARR’s SOC clients report services lead to a 70% reduction in customer compliance questionnaires
SOC clients spend 75% less time spent on internal resources needed to pass audit
40% of BARR’s reports are delivered early
Proven practical, adaptive approach that simplifies SOC reporting processes
Team members serve on task forces responsible for developing SOC reporting standards
Competitive, fixed rates to accommodate growing enterprises

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Frequently Asked Questions

A SOC 3 report has many benefits. If your organization handles consumer data, a SOC 3 report can demonstrate your company’s trustworthiness by showing the controls you’ve put in place to protect consumer data. A SOC 3 report can be beneficial for organizations that want to share their security controls publicly—unlike a SOC 2, a SOC 3 report can be shared in public.

A SOC 3 report is valid for one year after its issuance date.

A SOC 3 report is the only type of SOC report that can be publicly distributed. Your organization can demonstrate your SOC 3 compliance in marketing campaigns, add it to your website, and more. While other SOC reports are confidential and often require signed non-disclosure agreements prior to viewing, the public nature of SOC 3 reports can help build trust among your stakeholders and customers without revealing private information about your organization.

No. SOC 3 reports are not required by law and are not mandatory for your organization to do business.

A SOC 3 report can take several weeks or months depending on the type of audit, scope, and complexity of the organization’s environment. Learn more about each step of the SOC 3 compliance process here.

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Contact Us for a Free Consultation

We’re here to help you! Speak with a BARR specialist about your security and compliance needs.