Preparing and Assessment to achieve SOC 2 compliance
SOC2 ® is for Service Organizations that need to demonstrate Trust Services Criteria. Whether the organization needs a point in time (Type 1) or to determine the effectiveness of controls (Type 2) assessment, Servadus is the right choice.
SOC2 - Type1
A Type 1 certification requires an examination of whether (1) a service organization’s description presents the system that was designed and implemented at a point in time per the description criteria and controls were suitably designed at a point in time to provide reasonable assurance that the service organization’s service commitments and system requirements were achieved based on the applicable trust services criteria if controls operated effectively.
SOC2 - Type2
Next is SOC 2 Type 2. Most organizations have to focus on the long-term compliance strategy. A Type2 examination addresses the description of the system and the suitability of the design of controls. Still, it includes a different subject matter, like whether controls operated effectively throughout the period to provide reasonable assurance that the service organization’s service commitments and system requirements were achieved based on the applicable trust services criteria. A Type 2 assessment will come six months after the Type 1 assessment.
Details on SOC1 and SOC2 are available on the AICPA Website.
How to start the SOC2 Journey
Servadus is pleased to offer a complimentary SOC2 Readiness Check through our partner program. This program is ideal for small and medium businesses saving 10k to 15k dollars. The readiness check helps organizations understand their weaknesses before a Type 1 assessment. Additionally, our experts can guide your organization to resolve the gaps in readiness. Order the SOC2 Readiness Check at our online store.
Have questions, book a meeting with our team or use the form below to email the question.
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