What is SOC 2, Guide to SOC 2 certification and Compliance
What is SOC 2, A standard for managing client data that was created by the American Institute of CPAs (AICPA) and is based on five “trust service principles”: security, availability, processing integrity, confidentiality, and privacy.
How can we get SOC 2 Compliance?
SOC 2 compliance vendors provide services to help organizations meet the SOC 2 audit requirements. These vendors offer support throughout the entire process, from initial assessment to ongoing monitoring and remediation. They also assist in preparing SOC 2 audit reports, which document an organization’s adherence to the Trust Services Criteria (TSC) established by the American Institute of Certified Public Accountants (AICPA). These reports are essential for demonstrating an organization’s commitment to data security, availability, processing integrity, and confidentiality. Get your soc 2 and iso 27001 certification with ease from CertBureau. aicpa soc certification.
Who can perform SOC 2 Audit?
Only independent CPAs (Certified Public Accountants) or accounting firms are authorized to conduct SOC audits. Soc 2 compliance audit must be only performed by CPA’s, get in touch with our experts now what is soc 2 audit process.
The work of SOC auditors is governed by professional standards set forth by the AICPA. The preparation, execution, and oversight of the audit must also adhere to a number of rules. Peer reviews are required for all AICPA audits.
In order to prepare for SOC audits, CPA companies have the ability to hire non-CPA individuals with relevant information technology (IT) and security expertise; however, CPAs remain compelled to deliver and disclose final reports.
The service company can include the AICPA logo on its internet presence if the CPA’s SOC assessment is successful.
What is soc 2 audit report? How to get soc 2 audit report?
A Service Organization Control (SOC) Type 2 report describes an organization’s internal controls and details how successfully they preserve client data. More specifically, a third-party audit demonstrates if the security mechanisms are reliable and secure. Soc type 2 report can be applied through CertBureau for an hassle free compliance achievement, a detailed soc2 report sample can be obtained from CertBureau upon contact with our experts on soc 2 compliance.
BASIC PRINCIPLES OF SOC 2
What is soc 2 type 2 principles, they are very important and clearly defined, soc 2 trust principles are provided below where the core soc 2 principles are availability, integrity, confidentiality and privacy.
Availability: Can the consumer access the system in accordance with the defined service levels and conditions of use?
Processing integrity: The audit report should include administrative information intended to safeguard the transaction if the organization offers financial or eCommerce operations. Is the transmission encrypted, for instance? How is data integrity preserved inside the company’s IT services, such as hosting and storage, if they are offered? Do they have soc 2 type 2?
Confidentiality: Are there any limitations on how data can be shared due to confidentiality? For instance, the audit document should include any special guidelines your business has for handling personally identifiable information (PII) or protected health information (PHI). To comply with privacy policies like employee procedures, the document should include data storage, transmission, and access methods and procedures.
Privacy: How does an organization gather and use customer data? The company’s privacy policy must be in line with its operational practices. For instance, the audit document must accurately detail how warnings are delivered on the company website or another channel if the company claims to notify customers each time it collects data. The AICPA’s Privacy Management Framework (PMF) must be adhered to at a minimum while handling personal data.
AFTER OBTAINING SOC 2 CERTIFICATION, WHAT HAPPENS?
Congratulations! We are aware that obtaining “SOC 2 Attestation” is a difficult undertaking because you have come to us. If there are no exclusions, it’s time to use your great report to grow your business. You’ll need to develop some sort of system for offering reports to clients when they want them. Due to the fact that the SOC 2 report contains sensitive information about a company’s security program, requesters need to sign an NDA before receiving a copy.
Instruct your marketing team to start highlighting your SOC 2 compliance status in your advertising materials as well! Customers who are worried about security will prioritize you as one of their top vendors.