About SOC 3

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.

Why BARR for SOC 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
  • 100% referral and satisfaction rate from clients
  • 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

Recent Blog Posts

apple cloud

System Vulnerabilities Are an Issue for Everyone In the Cloud Environment

| Cloud Computing, Compliance Updates, News, Risk Management, SaaS, Security, SOC Reporting, Vulnerability Management | No Comments

The number of companies relying on cloud services has spiked over the past decade. Because the cloud is a shared-resource environment, any threats that infiltrate one system can have a…

Cloud

SOC REPORTING REQUIREMENTS YOU NEED TO KNOW IN A CLOUD ENVIRONMENT

| Cloud Computing, SOC Reporting | No Comments

There are a number of misconceptions about SOC reports, but the most common is that service providers like Azure, Amazon Web Services, and Google Cloud Platform are the ones responsible…

Alyssa Huston

Welcome Alyssa Huston: Associate Consultant, Cyber Risk Advisory

| News, Risk Management, SOC Reporting | No Comments

The BARR team is growing! We’re thrilled to welcome Alyssa Huston, Associate Consultant in our Cyber Risk Advisory practice. In her role, Alyssa helps clients navigate complex security and compliance…

Contact Us for a Free Consultation

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