SOC Reports
Build trust with enterprise clients through independently audited SOC 1 and SOC 2 reports that validate your organization's control environment.
SOC 1 vs SOC 2
Two distinct report types serving different assurance needs. The right choice depends on your service offering and your customers' requirements.
SOC 1
Financial Reporting ControlsEvaluates controls at a service organization relevant to user entities' internal control over financial reporting (ICFR). Based on SSAE 18 / ISAE 3402.
Common Use Cases
Auditors & financial controllers of user entities
SOC 2
Security & Trust ControlsEvaluates controls relevant to security, availability, processing integrity, confidentiality, and privacy. Based on AICPA Trust Service Criteria.
Common Use Cases
Customers, prospects, regulators, and business partners
Type I vs Type II
The report type determines the depth and duration of the assessment. Most enterprise customers ultimately require Type II.
Type I
Point-in-TimeEvaluates the design and implementation of controls at a specific point in time. Confirms that controls are suitably designed and have been placed in operation.
Organizations pursuing SOC for the first time or needing quick validation of control design.
Type II
Period of TimeEvaluates the design, implementation, and operating effectiveness of controls over a specified period (typically 6 to 12 months). Provides deeper assurance.
Organizations demonstrating sustained compliance to enterprise customers and regulators.
Trust Service Criteria
SOC 2 reports evaluate controls against five trust service criteria. Security is always included; additional criteria are selected based on your service commitments.
Security
Protection of information and systems against unauthorized access, unauthorized disclosure, and damage. This is the mandatory baseline criterion for every SOC 2 engagement.
Availability
Systems are available for operation and use as committed or agreed. Covers uptime monitoring, disaster recovery, incident management, and capacity planning.
Processing Integrity
System processing is complete, valid, accurate, timely, and authorized. Critical for organizations handling financial transactions or data transformations.
Confidentiality
Information designated as confidential is protected as committed or agreed. Covers encryption, access controls, and data classification practices.
Privacy
Personal information is collected, used, retained, disclosed, and disposed of in conformity with privacy commitments and applicable regulations.
Who Needs SOC Reports?
SaaS Companies
Enterprise clients increasingly require SOC 2 reports as a precondition for vendor onboarding. Demonstrate that your platform meets industry security standards.
Data Centres
Prove physical and logical security controls for colocation and hosting environments. SOC reports build trust with tenants and their auditors.
Managed Service Providers
MSPs managing IT infrastructure, security, or applications for clients need SOC reports to evidence their control environment.
Cloud Providers
IaaS, PaaS, and cloud hosting providers use SOC 2 to demonstrate robust security and availability controls to customers worldwide.
Engagement Timeline
Readiness Assessment
2 - 4 weeksWe evaluate your current control environment, identify gaps against Trust Service Criteria, and build a remediation roadmap.
Control Design & Implementation
4 - 8 weeksWork with your team to design, document, and implement controls that satisfy the selected Trust Service Criteria.
Evidence Collection
6 - 12 months (Type II)Establish monitoring procedures and begin collecting evidence of control operation over the observation period.
Audit & Report Issuance
4 - 6 weeksOur CPA partners perform the formal examination and issue the SOC 1 or SOC 2 report for distribution to your stakeholders.
Ready for Your SOC Report?
Our team will help you select the right report type, define your scope, and navigate the entire engagement from readiness to report delivery.