SOC 2 Compliance Requirements – Easy and Best

With major dependency on IT services becoming high in the world of IT, the common question is how to comply for SOC 2 compliance requirements? How to prepare checklist for SOC2 compliance requirements, with CertBureau being your SOC 2 compliance vendors the process of achieving soc 2 compliance is made easier, therefore in achieving SoC 2 compliance we have provided some of the insights into achieving our SOC 2 objectives in this blog post.

CertBureau will help you to automate the entire soc 2 audit, with helping numerous organisations in getting soc 2 compliance, we have compiled detailed description of checklist that will help you to define your scope, conduct gap assessment, mitigating risks and implementing controls as required by SOC 2.

What are trust services criteria of SOC 2 compliance?

Primarily the SOC 2 provides us with five trust service criteria’s which are also known as aicpa trust services criteria – AVAILABILITY, SECURITY, PROCESS INTEGRITY, CONFIDENTIALITY and PRIVACY, each of these criteria’s have specific trust service principles that have to be implemented in every activity of our organisation, the level of control and the implementation requirements of these five trust service criteria depends on the information that we are handling, the sensitivity of the activity, the organisation control requirements and the need for these controls. During a soc 2 compliance audit it is clearly verified for these soc 2 trust services criteria.

How to prepare for SOC 2 compliance audit? Soc 2 Checklist

The preparation for soc audit begins with step-by-step activities that comply with soc 2 requirements based on our exclusive experience with helping numerous businesses becoming soc 2 compliant companies we have addressed these requirements of preparation below:

1. scoping for soc 2 compliance
2. identification of type of soc report?
3. conducting gap assessment
4. Remediation and soc 2 controls implementation
5. preparation for soc 2 compliance audit
6. soc 2 compliance audit

Scoping for soc 2 compliance

In addition to complying with trust service criteria’s the organisation must ensure to determine the true requirement of soc2 certification, the activities of its business to be covered under the soc 2 framework, for example, your activities can be the unique payroll application you offer as a SaaS service to distinct clients. Your company may use a ticketing system (like help scout, Jira, hubspot and others) to keep track of change requests, testing, and approval to support change management. It’s critical to establish the scope of the audit with your third-party audit company before beginning since the outputs from your ticketing system would still be crucial parts of the SOC 2 audit process.

Identification of Type of soc 2 audit report

Organisations are provided two options in soc 2 accreditation, soc2 type 1 and soc2 type 2. The type of requirement for organisations who engage with a soft to vendor is usually determined by the customers requirement and the timelines they need to achieve for this compliance.

A SOC 2 Type 1 report verifies that your internal controls are in place to satisfy SOC 2 checklist requirements at that particular time (it’s like a snapshot), whereas a Type 2 report verifies that the controls are actually functioning over time; this is the report we anticipate you will eventually require.

If you are just beginning your compliance journey or are pressed for time and need to demonstrate your compliance intent to potential clients or customers, for example, pick SOC 2 Type 1. Select SOC 2 Type 2 if your clients have requested it, if you have finished SOC 2 Type 1 and the three- to six-month observation period, or if you are already compliant with other frameworks.

The sort of report you want will also depend on the level of detail needed by your customers regarding your controls over information security. Compared to Type 1, the Type 2 report is more insightful.

conducting gap assessment

All soc 2 compliant companies have initiated their process by establishing strong GAP analysis and risk assessment approach where in we find the requirements in terms of soc 2 controls, get an extensive and easy to use soc 2 controls list from CertBureau. aicpa soc 2 controls list are simple to be implemented as CertBureau provides an advanced automated support platform with which our clients can easily achieve the soc2 compliance requirements.

Remediation and soc 2 controls implementation

Based on the TSC that are chosen the organization shall define the soc 2 controls and implement the soc2 compliance requirements, define procedures for the soc 2 trust services criteria where we play the most important role in supporting you to define the controls evidencing as soc 2 compliance vendors, each five aicpa trust services criteria comes with a seat of soc 2 trust principles totalling to 61, you as an organization need to deploy the internal controls through policies, procedures and evidences supporting the soc compliance.

Preparation for soc 2 compliance audit

Soc2 compliance readiness assessment is a crucial step that an organisation has to undergo in order to prepare itself to the upcoming sock to audit the major areas in which we may have to access the organisations preparations are:

• Create, accept, disseminate, and publish any omitted policies and procedures.
• Process workflows that have gaps should be modified to better manage risks and secure sensitive data.
• Implement, enhance, and/or optimize crucial security procedures and controls, such as automation of control over change management and access.
• Eliminate or stop unlawful access.

soc 2 compliance audit

soc 2 audit process is soc audit, also known as Service Organization Controls or System and Organization Controls audits, are an objective evaluation of the risks related to using service providers and other third parties.

They are crucial to risk management, internal governance, vendor management programs, and regulatory supervision. soc audit requirements.

The SOC audit has three stages for service organizations:

SOC 1 audits focus on ICFR (internal control over financial reporting) within organizations. The ISAE (International Standard for Assurance Engagements) 3402 or SSAE (Statement on Standards for Attestation Engagements) 18 assurance standards are used to measure their success.

According to SSAE 18, SOC 2 audits measure service organizations’ security, availability, processing integrity, confidentiality, and privacy controls against the TSC (Trust Services Criteria) of the AICPA (American Institute of Certified Public Accountants). Typically, a SOC 2 report is utilized for current or potential clients.

Why choose CertBureau as SOC2 Compliance vendor?

Information security and ISO 27001, cyber security, data privacy, and business continuity are the main areas of focus for CertBureau, a specialist in offering IT governance, risk management, and compliance solutions and advisory services.

We are dedicated to assisting organizations in defending themselves and their clients against cyber threats in a business environment that is becoming more punitive and privacy-focused.

Our clients are able to strengthen their defences and make crucial strategic decisions that are advantageous to the entire organization thanks to our extensive industry knowledge and practical approach.