Service Organization Control (SOC 2)
January 1, 2025 2025-02-13 12:13Service Organization Control (SOC 2)
Service Organization
Control (SOC 2) Certification
Service Organization
Control (SOC 2)
What is SOC 2 Certification?
SOC (Service Organization Control) reports are created by AICPA in order to set compliance standards and keep pace with the rapid growth of cloud computing and business outsourcing.
Why SOC 2 Audit Report?
SOC 2 addresses principles such as Security, Availability, Confidentiality and Processing Integrity. Complies with AICPA’s (American Institute of Certified Public Accountants) TSC (Trust Services Criteria). It is an important component in regulatory oversight, Vendor management, Internal governance and Risk management.
Specifically designed for Service Organizations addressing information security which is gaining importance. Organisations are concerned about vendor security and effectiveness in handling their precious and confidential information. Therefore, SOC 2 audit report aids clients decision making in choosing a professional vendor.
Whom SOC 2 Reports are For?
What is in a SOC 2 Audit Report?
Designed to provide assurance to service organizations’ clients, management, and user entities about the suitability and effectiveness of the service organization’s controls that are relevant to security, availability, processing integrity, confidentiality, and/or privacy. The report is generally restricted use for existing or prospective clients.
There are two types of SOC audits and reports:
A SOC 2 audit report includes:
It also specifies whether the service organization complies with the AICPA TSC.
SOC 2 Audit Readiness Assessments and Remediation Service
We are well prepared to help any organisation prepare for SOC 2 audit. SOC audit process involves:
1. Readiness assessment:
Assessment of SOC 2 preparedness by evaluating service type offered, trust services categories applicable to that service and security controls relevant to service delivery. Among other things, process & procedure examination, configuration files system setting, screenshots, signed memos, and organizational structure.
2. Remediation:
Following shortfall identification, we help you remediate them. We can help with audit scoping, compiling the system or service description, risk assessment, control selection, defining control effectiveness measurements and metrics, or integrating your SOC 2 requirements into your ISO 27001 compliant ISMS i.e. Information Security Management system.
3. Testing and reporting:
Assistance in the entire SOC audit process, from conducting a readiness assessment and advising on necessary remediation measures through to testing and reporting.
Why Choose IRCLASS (IRQS)?
IRCLASS specialises in providing IT governance, risk management, compliance solutions and consultancy services, with a special focus on cyber resilience, data protection, cybersecurity, and business continuity.
In an increasingly privacy-focused business environment, we are committed to helping organizations protect themselves and their customers from the perpetually evolving range of cyber threats. Our deep industry expertise and pragmatic approach help our clients improve their defences and make key strategic decisions that benefit the organization.
Speak to Our SOC 2 Certification Expert
If you would like more information about our SOC 2 service, or you’re unsure whether your organization needs a SOC 2 audit, please get in touch and speak to one of our experts today.
Frequently Asked Questions
SOC 2 is the acronym for Systems and Organization Controls 2. SOC 2 was developed by the AICPA in 2010. The idea behind developing SOC 2 was to guide the auditor for evaluating the effectiveness of the security protocols in an organization and the operational compliance. It is critical to stay updated with the growing cloud computing and business outsourcing requirements.
SOC 2 or Systems and Organization Controls 2 is a voluntary compliance standard for service organizations, designed by the American Institute of CPAs (AICPA). It specifies the ways for organizations to manage customer records in the growing age of cloud computing. The SOC 2 compliance depends on various trust factors like – data security, availability, processing integrity, confidentiality, and privacy. An organization can acquire SOC 2 compliance by taking care of the following aspect.
For acquiring the SOC 2 type 2 certification, organizations must develop a compliant cybersecurity program. Essentially, the organization must conduct an audit with an AICPA-affiliated CPA. The auditor checks the cybersecurity aspects and trust factors and evaluates the organizational setup with respect to the SOC 2 standard. Based on the audit report, the company can get the certification.
The scope is different for the standards. The SOC 1 reports are based on financial controls and the SOC 2 reports focus comprehensively on availability, security, processing integrity, confidentiality, and privacy. A SOC 1 – Type I audit report describes the organization’s control and the effectiveness of the control measures. A SOC 2 report describes the organization’s controls related to operations and compliance, based on the AICPA.
Organizations like the cloud service providers, SaaS providers, and companies that deal with client information in the cloud necessitate the SOC 2 certification. It is critical for them to abide by the norms and standards. The report exhibits optimal protection and privacy of the client’s data.
Get Started Today!
To receive a quote, write us at irqs.marketing@irclass.org. Get all your questions answered, choose the package that works best for you, and then you are ready to go!
