How Long Does It Take To Complete a SOC Audit | A Timeline To Plan for SOC 2

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You scheduled your on-site SOC 2 testing. While the initial step is complete, there is still a lot of process and time before you’re past the finish line. This post will help plan and manage time expectations and establish a timeline of deliverables - working backward from your SOC audit start date. The Purpose of SOC 2 Audits SOC is a system of service organization controls. SOC stands for “system and organization controls,” and controls are a series of standards designed to help measure how well a given service organization regulates its information, user entities, and sensitive data - particularly customer data. The purpose of SOC standards is to create a level of confidence and trust for organizations when they engage third-party vendors. A SOC-certified organization (hey, that will be you soon!) has been audited by an independent certified public accountant who worked with your organization on a readiness assessment

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How To Stay SOC 2 Compliant | Advice For This Year’s Audit

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It’s safe to say that not many service providers look forward to soc 2 compliance. I'd guess not many of you have the AICPA on speed dial. Whether you're preparing for a Type 1 or Type 2, audits may be perceived as events that you prepare for and complete, but then eventually they go away - at least for a while. To stay SOC 2 compliant we suggest a paradigm shift. Treat compliance as a continuous process rather than a point-in-time event.  Unlike taxes, there is no 'audit-season.' Here are some tips for always being prepared for your next audit. Embrace the idea that policies and procedures evolve After spending considerable time getting your policies and procedures just right to address the trust services principles, it’s tempting to step back and say, “Good, we finally have all this great documentation, now let's not touch it again until we absolutely have

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What Is SOC 2 Type 2 | A Guide To Complete Your First Type 2 Audit

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There are several different levels of SOC (Service Organization Control) reports and types, so it is easy to get them confused. A SOC 2 Type 1 report looks at an organization’s controls at a point in time concerning its clients’ financial reporting. The SOC 2 Type 2 report measures those same controls over a more extended period. SOC 2 Type 1 builds on the reporting basis of SOC 1 but focuses on security controls rather than financial controls. The SOC 2 type 2 examines the effectiveness of those controls over a six-month period. There is also a SOC 3 report, which is essentially the same data found in a SOC 2 but written for public consumption. This blog will focus on outlining the path to SOC 2 Type 2. Starting your SOC 2 planning? Learn how strongDM makes SOC 2 compliance easy.  What Is A SOC 2 Report Although SOC

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