SOC 2 Compliance
SOC 2 was introduced by AICPA (American Institute of CPAs) in 2013. It is a method for guaranteeing that service providers safely manage your data to protect your company’s interests and its clients’ privacy. SOC 2 is constructed around five principles to secure consumer data: security, confidentiality, availability, integrity, and privacy. SOC 2 applies to technology-based SaaS companies as well as third-party vendors and other partners who must adhere to these standards to assure the data’s integrity.
Gap Assessment is a fact-finding process that compares a company’s present security posture to industry standards and the SOC 2 framework. Performing a gap analysis prepares you for the SOC 2 procedure. It provides organizations with the information they require, as well as suggestions for controls that may be necessary to remedy gaps.
SOC 2 outlines how to handle a customer’s data using five principles: integrity, confidentiality, availability, integrity, and privacy. Information security, access control, risk assessment, mitigation, incident policy, and other policies must be documented to obtain SOC 2 attestation.
This is to ensure that all the policies that have been drafted are followed and implemented in the organization, as well as to encourage the client’s organization to take the reporting and attestation process to the next level. The outcomes of these evaluations are utilized to classify threats into various risk levels, allowing the client to take appropriate action.
After we’ve accomplished all the above stages, we’ll get your company SOC 2 certified. This will entail a thorough evaluation of your company’s SOC standards to ensure that they comply with the standard’s criteria. Audits are conducted to acquire information about the client and the company to identify areas that may require additional attention. Type 2 reports typically take longer than Type 1 reports because they provide proof of how a corporation operates its controls that have been indicated in the control checklist throughout time.
Finally, we’ll help you complete the SOC 2 attestation. This necessitates a detailed understanding of the various documentation needs, as well as validation of the implementation. The CPA (Chartered Public Accountant) certifies your company as a SOC 2 TYPE 1 and Type 2 qualified company.
SOC 2 is a framework for guaranteeing that all cloud-based technology and SAAS firms have controls and policies in place to ensure client data privacy and security. External auditors offer SOC 2 attestation. Implementation will assist you with identifying the underlying abnormalities in terms of the procedures and security controls that a firm should have in place for its consumers to have confidence in them.
SOC 2 Type 1 – A Type 1 report focuses on policies and procedures for ensuring Trust Service Criteria at a certain point in time. This means that an auditor will assess a company once on a set of criteria and controls to ensure that it meets specified control requirements.
SOC 2 Type 2 – A Type 2 report is an internal control report that details how a corporation protects client information and how well those SOC 2 controls are working. Independent third-party auditors produce these reports, which address the concepts of security, availability, confidentiality, and privacy.
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