SOC 2 reports provide detail on controls at a service organization covering Trust Services including, security, availability, processing integrity, confidentiality or privacy. Its purpose is to evaluate and communicate the service organizations control environment regarding information security. Its use is generally restricted to certain identified users who, among other things, have some knowledge of the nature of the services that the service organization provides.
By completing a SOC 2 examination, your organization differentiates itself from your competitors by demonstrating you have a mature and effective control environment. This in-depth report allows customers and/or stakeholders to gain confidence and place their trust in your company because of its commitment to providing due diligence and due care in regard to information security..
There are two types of SOC 2 compliance reports. The first, Type I, is a report regarding the accurate presentation of management’s description of the service organization’s system and the suitability of the design of controls to meet the applicable trust services categories as of a specified date. The second option, Type II, is a report that showcases the information found in Type 1, but with an additional focus on the operating effectiveness of the categories to meet the applicable trust services criteria throughout the specified period.