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SOC 2 Compliance

SOC 2 Compliance Audit Report

Preparing for a Compliance SOC 2 Audit Report is a commitment and critical to get it right.

Depending on your companies industry you might be thinking about being proactive and staying ahead of the competition, or customers could be asking for a SOC 2 Audit Report. Many companies want suppliers, vendors, partners to demonstrate how they are protecting data, systems, and applications.

Additionally, as you prepare for a SOC 2 Audit Report it is important to define the plan and success criteria and engage the right team to help achieve the results to meet compliance requirements. Even though this a SOC 2 Audit is complex and long, the benefits to your business are advantageous, because you can market a differentiation between you and the competitors in your industry.

FoundationWhat are the Policies in Place explaining the Process?ExecutionLet’s talk about your Procedures on how you perform a task?EvidenceLet’s review the supporting documentation also known as evidence.
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This SOC 2 Checklist will clearly help prioritize your plan, and produce a deliverable that demonstrates controls.

Clearly Define the Scope

Understand what systems and controls will need to be in scope considering security, availability, workflow processes, confidentiality, and privacy.

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Determine the Type of Report

  • Type 1 – a report created reviewing the policy known as a snapshot in time.
  • Type 2 – is a report includes the various demonstrated scope controls over a longer period of time with evidence.

Establish Budget and Schedule

The more systems, data sources, and controls to be audited will determine the amount of time required to complete a comprehensive audit. For example, a small company with multiple internal and external system and user data dependencies could take anywhere from 2-4 months to complete. Subsequently, long engagements translate into larger costs ranging from $30,000 to $70,000 for a SOC 2 Audit Report.

Common Mistakes to Avoid

  • Internal Resources unavailable
  • Unknown Process System Owners
  • Inexperienced Auditors

Achieving Success

Determining which Report Type (1 or 2) applies by building a Checklist.

Understand the Compliance Requirements to complete the SOC 2 Audit.

  • Prepare for a frustrating journey but achieving a SOC 2 is a great company milestone.
  • Above all talk to Colleagues who have completed a SOC 2 Type 1 and Type 2. Discuss the Good, the Bad, the Ugly.
  • Establish Long-term Controls and Workflows that can Demonstrate your next Audit.
Contact us for Compliance SOC 2 Help

Finally, our trusted partners help build and provide sustainable systems able to demonstrate the required controls for SOC 2 compliance.