
What’s The Difference Between SOC 1, SOC 2, and SOC 3?
When it comes to SOC (System and Organization Controls) reports, there are three different SOC report types: SOC 1, SOC 2, and SOC 3. When considering which report fits your organization’s needs, you must first understand what your clients require of you and then consider the areas of internal control over financial reporting (ICFR), the Trust Services Criteria, and restricted use. Each SOC report type fulfills a different purpose, and…