What is a SOC 3 Report?

A System and Organization Control (SOC) 3 report focuses on internal controls as they relate to the AICPA’s five Trust Service Criteria: Security, Availability, Processing Integrity, Confidentiality, and Privacy. SOC 3 is similar to the SOC 2 report, however, the difference lies in the details provided in each report. The SOC 3 report is shorter and does not contain the detailed controls and testing procedures. This report is designed for organizations that do not possess the need for or the knowledge necessary to make use of the comprehensive details contained in a SOC 2 report.

Because SOC 3 reports are considered to be general use reports, there is the option to distribute the report for marketing purposes, such as posting it to your website.

Purpose and Use

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).

AICPA Trust Services Principles

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.

Who Needs a SOC 3 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.

Contact Us for a Free Consultation

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

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
  • Nearly 100% client retention rate
  • 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

Client Testimonials

Recent Blog Posts

Bitcoin

Digital Meets Physical: Crypto ATMs and Best Practices for Operators

| Data Privacy, Risk Management, Security, SOC Reporting, Vulnerability Management | No Comments

BARR Advisory recently partnered with Bitcoin ATM vendor Bitaccess to complete SOC 1 and SOC 2 audits. Bitaccess has more than 3,800 Bitcoin Teller Machines (BTMs) around the world, serving…

BARR Advisory SOC Client Testimonials

| Cloud Computing, Data Privacy, SaaS, Security, SOC Reporting, Videos, Vulnerability Management | No Comments
Does your company need a System and Organization Controls Report, also known as a SOC Report? We are here for you! Learn why leading SaaS providers choose BARR Advisory. Transcript

BARR Certifications and BARR Advisory Partner to Be One of Only 9 Firms in the U.S. Eligible to Perform Both ISO/IEC 27001 and SOC 2 Audits

| ISO27000, News, SOC Reporting | No Comments

BARR Certifications, a partner of the cybersecurity compliance solutions provider, BARR Advisory, recently earned the prestigious ISO/IEC 17021-1 accreditation for certification to ISO/IEC 27001 from the ANSI National Accreditation Board…

Contact Us for a Free Consultation

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

Contact Us for a Free Consultation

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