FAQ

SOC 1 vs SOC 2: What’s the Difference?

SOC audits assure the effectiveness of internal controls at service providers such as advisory firms, technology vendors, and other businesses. SOC reports (the acronym for "Systems and Orga ...
April 2, 2024
FAQ

What is a SOC Report?

As data breaches become more widespread, most businesses are prioritizing information security. According to a study by IBM and Ponemon Institute, the worldwide average cost of a data breach ...
December 10, 2023
FAQ

What is a SOC Audit?

Businesses rely on third-party vendors to streamline day-to-day operations and assure sustained functionality now more than ever. This is seen by the rise of cloud computing, data centers, a ...
December 10, 2023
FAQ

SOC 1 vs SOC 2

Where data security and financial integrity are paramount, understanding the nuances of compliance reports like SOC 1 and SOC 2 is crucial for businesses across all sectors. These reports, c ...
December 10, 2023
FAQ

When should I consider a SOC 3 audit?

The best time to get a SOC 3 audit is…when you get a SOC 2 audit because the audits are the same. Why, then, are there two kinds of reports? Because there are two kinds of audiences for ...
December 10, 2023
FAQ

Which SOC Report Do You Need?

If your enterprise is a service provider that handles customer data, it should have a System and Organization Controls for Service Organizations 2 (SOC 2) report attesting to its SOC 2 compl ...
December 10, 2023
FAQ

What are the five Trust Services Principles for SOC 2 and SOC 3?

In an era where data integrity and security are paramount, compliance frameworks like SOC 2 certification and SOC 3 are pillars of trust and credibility. These frameworks offer essential gui ...
December 4, 2023
FAQ

Why do Compliance Programs Fail?

Establishing compliance programs represents a significant undertaking for organizations across sectors. However, many such initiatives fail to achieve their goals despite substantial investm ...
December 4, 2023
FAQ

Who Can Perform a SOC 2 Audit?

The SOC 2 standard for assessing cybersecurity was established by the American Institute of Certified Public Accountants (AICPA). This means only independent Certified Public Accountants (CP ...
December 4, 2023
FAQ

What Does a SOC 2 Report Cover?

Information security is front of mind for most companies today, as data breaches are increasingly common. According to IBM and Ponemon Institute study, The global average cost of a data brea ...
November 22, 2023
FAQ

What Is a SOC 2 Type 2 Audit?

A System and Organization Controls for Service Organizations 2 (SOC 2) audit assesses how well a service provider's internal controls and practices safeguard customer data's privacy and secu ...
November 6, 2023
FAQ

SSAE 18 Checklist

SSAE 18 (Statement on Standards for Attestation Engagements No. 18) is a set of standards and guidance issued by the American Institute of Certified Public Accountants (AICPA) for auditors a ...
October 31, 2023
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