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Joseph Kirkpatrick / February 7, 2023
When considering having a SOC 1 audit performed, there are two different report options available. Knowing whether you need a SOC 1 Type I or a SOC 1 Type II report will depend on your client's needs and timing constraints. What’s the difference between a SOC 1 Type I and a SOC 1 Type II report? A SOC 1 Type I and a SOC 1 Type II both report on…
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Joseph Kirkpatrick / February 7, 2023
Have you had a client tell your organization that it needs to have a SOC 1 audit performed? If your immediate reaction was, "What is a SOC 1?", that's completely normal. You're in the right place! Have you ever had your boss ask you "What is a SOC 1 audit?" and need a project timeline as soon as possible? You're also in the right place! Have you seen competitors announce…
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Joseph Kirkpatrick / February 7, 2023
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…
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Sarah Harvey / December 19, 2022
SOC 1 vs. SOC 2 Reports: What's the Difference? As a service organization, you are familiar with audit requests from clients who are required to meet specific compliance and audit requirements, and you have most likely been asked whether your organization is SOC 1 compliant or SOC 2 compliant. We often get asked: What are the differences between a SOC 1 vs. SOC 2 audit? Which SOC report should you…
