Get The Successful Completion Of Your SOC 2 Report Audit With SOC Assurance |
Posted: December 1, 2018 |
A System and Organization Control 2 or SOC 2 report is provided to an organization under service after it has demonstrated about its sufficient internal controls in the place for its information systems so that the organization follows one or more of the Trust Services Criteria and Principles. These criteria are generally applied to those organizations who process or store information for their clients like cloud hosting companies, Software as a Service companies or companies involving data processing. The Trust Service Principles and Criteria lists some internal controls in the place, from which the service organization must meet (depending on their customer’s requirements) at least one:
The clients to demonstrate that they comply with the Trust Service Principles and Criteria use these reports for the service providers, and to demonstrate that all the data collected by them is safe and secure with them. The SOC 2 reports comprises of two parts: Type 1 and Type 2, each of which are responsible for delivering different value to the clients.
The Type I report generally gets issued after the basic audit, which includes the overview of the respective company’s information systems and demonstration of the controls that you have in the place to ensure that you comply with the Trust Service Principles and Criteria. The auditing agency also gives details about the suitability of these controls for all the services that the clients use from their side. The Type I report does not provide any assurances on the proper effectiveness of the internal controls.
This report is an extension of the Type I report in a way. This report is issued only after a complete assessment of the controls that are carried out over a longer duration of time, typically six months or so. Your clients usually want to see the Type II report and want your organization’s complete commitment for the completion of SOC Type 2 report audit with success. Companies find it quite difficult to determine the kind of control that is correct in terms of their size because the implementation of effective controls in a time consuming as well as resource consuming task. A good implementation with a good planning is needed for a successful completion of SOC 2 audit, ensuring compliance with the clients.
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