A SOC 2 Type 2 report is an internal controls report capturing how a company safeguards customer data and how well those controls are operating. These reports are issued by independent third party auditors covering the principles of Security, Availability, Confidentiality, and Privacy.

SOC 2 certification is issued by outside auditors. They assess the extent to which a vendor complies with one or more of the five trust principles based on the systems and processes in place. The security principle refers to protection of system resources against unauthorized access.

A SOC 2 audit report provides detailed information and assurance about a service organisation’s security, availability, processing integrity, confidentiality and/or privacy controls, based on their compliance with the AICPA’s (American Institute of Certified Public Accountants) TSC (Trust Services Criteria).

SOC 2 Type 1 is different from Type 2 in that a Type 1 assesses the design of security processes at a specific point in time, while a Type 2 report (also commonly written as “Type ii”) assesses how effective those controls are over time by observing operations for six months.

It examines a service provider’s internal controls and systems related to security, availability, processing integrity, confidentiality, and privacy of data. Moreover, SOC 2 Type II delves into the nitty-gritty details of your infrastructure service system throughout the specified period.

System and Organization Controls 2
SOC 2 (System and Organization Controls 2) is a type of audit report that attests to the trustworthiness of services provided by a service organization. It is commonly used to assess the risks associated with outsourced software solutions that store customer data online.

SOC 2 costs from $20,000 to more than $80,000. The complexity of the infrastructure plays a crucial role in determining the final cost. SOC 2 Type 2 certifications are a natural progression from the Type 1 report. This type of audit can take a while – anywhere between six months to a year.

The 5 possible covered criteria are: Privacy, Security, Confidentiality, Integrity and Availability. Service provider management is allowed to select which criteria they want included in the report, and once again you should make sure your specific concerns are addressed.

A 5 Step Guide to Getting SOC 2 Certified

1. Step 1: Bring in Credible Outside Auditors.
2. Step 2: Select Security Criteria for Auditing.
3. Step 3: Building a Roadmap to SOC 2 Compliance.
4. Step 4: The Formal Audit.
5. Step 5: The Road Ahead — Certification and Re-Certification.

one year
How long is a SOC 2 Type II report valid? The SOC 2 (Type I or Type II) report is valid for one year following the date the report was issued. Any report that’s older than one year becomes “stale” and is of limited value to potential customers. As a result, the golden rule is to schedule a SOC audit every 12 months.

What is the scope of the SOC 2 Type II report? A SOC 2 Type II report focuses on the American Institute of Certified Public Accountant’s (AICPA) trust service principles. It examines a service provider’s internal controls and systems related to security, availability, processing integrity, confidentiality, and privacy of data.

They are intended to examine services provided by a service organization so that end users can assess and address the risk associated with an outsourced service. A SOC 2 Type 2 attestation is performed under:

There are three types of SOC reports, each of which relates to a different kind of SOC audit. SOC 2 reports are meant specifically for audits related to security and privacy controls, whereas SOC 1 reports are for financial reporting.

The objective is to meet both the AICPA criteria and requirements set forth in the CCM. The Azure SOC 2 Type 2 audit incorporates the CCM controls assessment as required by the CSA STAR Attestation. For more information, see the Azure SOC 2 Type 2 attestation report.