PCI DSS Compliance

SOC 2 – Comprehensive Trust Services

SOC 2 audits are tailored for service organizations, assessing controls across five essential Trust Service Criteria: security, availability, processing integrity, confidentiality, and privacy. Aligned with your specific service commitments and Service Level Agreements (SLAs), these audits effectively showcase your commitment to maintaining high standards in data management. Whether you choose a SOC 2 Type 1 (a point-in-time assessment) or Type 2 (an assessment over a period), our streamlined approach simplifies the process, offering clear insights and comprehensive compliance guidance.

Who Needs A SOC 2 Report?

Organizations that should consider a SOC 2 report include cloud service providers (SaaS, IaaS, PaaS), enterprise systems that store third-party data, IT systems management, and data center colocation facilities. If your goal is to demonstrate that your organization’s controls are well-designed, implemented, and operating effectively, then a SOC 2 report may be the right choice for you.

Types of SOC 2 Reports

The SOC 2 Type 1 Report, also known as a point-in-time report, provides an evaluation of the suitability of a service organization’s control design at a specific moment. This initial Type 1 report often serves as a foundation for future Type 2 assessments.

The SOC 2 Type 2 Report, also known as a period-of-time report, provides an opinion on both the suitability of the control design at the service organization and the operating effectiveness of those controls over a defined period. This report is typically issued on an annual basis.

Why is SOC compliance important?

Beyond ensuring security and transparency, SOC reports reflect a commitment to safeguarding customer data. Often, having a SOC report is a prerequisite for conducting business with customers or third parties.

Which SOC report is most suitable for my organization?

The most appropriate SOC report for your organization will depend on the needs of your customers and stakeholders. Consulting with a reliable SOC auditor at Audliance can provide valuable insights into your organization's requirements and help identify the right SOC report for you.

What is the difference between SOC 1, SOC 2, and SOC 3?

A SOC 1 report is utilized by organizations that outsource specific services or systems that may impact their internal controls over financial reporting. A SOC 2 report, on the other hand, is designed to address the needs of a wide range of users seeking detailed information and assurance regarding a service organization's controls. This report plays a crucial role in the oversight of the organization, vendor management programs, and internal corporate governance and risk management processes. It can be shared with various stakeholders, including user entities, CPAs serving those entities, regulators, and business partners. A SOC 3 report is aimed at users who require assurance about a service organization’s controls but do not need the in-depth detail provided in a SOC 2 report. Essentially a more concise version of the SOC 2, the SOC 3 is user-friendly and suitable for general distribution.