SOC (System and Organization Controls) reports provide independent assurance over an organization's controls. These reports fall into two categories: SOC 1 and SOC 2, each of which can be issued as either a Type 1 or Type 2 report.
SOC 1 focuses on controls relevant to financial reporting.
SOC 2 evaluates controls related to security, availability, processing integrity, confidentiality, and privacy.
Each SOC report is further classified based on its scope and evaluation period:
Type 1 assesses the design of controls at a specific point in time.
Type 2 evaluates both the design and operational effectiveness of controls over a defined period.
These reports help organizations demonstrate compliance, build trust with stakeholders, and meet regulatory or contractual requirements.
SOC 1 Consulting Services – We help businesses design control objectives that align directly with Internal Control over Financial Reporting (ICFR), the cornerstone of SOC 1 compliance. Our expertise ensures that your controls are not only well-defined but also effectively mitigate financial reporting risks. From identifying key transaction flows to crafting precise control activities, we guide you in building a strong framework that supports a seamless SOC 1 attestation.
Achieve SOC 2 compliance with ease. Our SOC 2 Compliance Assessments and SOC 2 audit guidance ensure you're fully prepared, identifying gaps and streamlining your path to compliance. We specialize in SOC 2 certification consulting, offering expert support in documentation, control design, team coaching, and project management every step of the way.
SOC 1 and SOC 2 Compliance Assessments
Type 1 vs. Type 2
SOC 1 Type 1
A point-in-time report that evaluates the design and implementation of controls relevant to financial reporting as of a specific date.
SOC 1 Type 2
A period-based report that assesses both the design and operating effectiveness of these controls over a set review period (e.g., 3-12 months).
SOC 2 Type 1
A point-in-time report that reviews the design and implementation of security and compliance controls aligned with the SOC 2 Trust Services Criteria as of a specific date.
SOC 2 Type 2
A period-based report that evaluates the design and operating effectiveness of these controls over time, demonstrating how well they function in practice.