Depending on your companies industry you might be thinking about being proactive and staying ahead of the competition, or customers could be asking for a SOC 2 Audit Report. Many companies want suppliers, vendors, partners to demonstrate how they are protecting data, systems, and applications.
Additionally, as you prepare for a SOC 2 Audit Report it is important to define the plan and success criteria and engage the right team to help achieve the results to meet compliance requirements. Even though this a SOC 2 Audit is complex and long, the benefits to your business are advantageous, because you can market a differentiation between you and the competitors in your industry.
Understand what systems and controls will need to be in scope considering security, availability, workflow processes, confidentiality, and privacy.
The more systems, data sources, and controls to be audited will determine the amount of time required to complete a comprehensive audit. For example, a small company with multiple internal and external system and user data dependencies could take anywhere from 2-4 months to complete. Subsequently, long engagements translate into larger costs ranging from $30,000 to $70,000 for a SOC 2 Audit Report.
Determining which Report Type (1 or 2) applies by building a Checklist.
Understand the Compliance Requirements to complete the SOC 2 Audit.
Finally, our trusted partners help build and provide sustainable systems able to demonstrate the required controls for SOC 2 compliance.
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