When it comes to understanding SOC 2, you need a risk transformation ally who knows what it takes to prepare for an audit. One who knows the GRC terrain, provides guidance, and offers thought leadership. That is what we at LogicGate aim to be for you and your company. In that spirit, let’s dig into SOC 2 to see what it takes to prepare for a successful audit.
To start, let’s do a quick recap of what SOC 2 (System and Organization Controls 2) is all about. The American Institute of Certified Public Accountants (AICPA) developed this framework for all technology services or SaaS companies that store customer data in the cloud to ensure compliance, risk, and data will be kept safe. If your company stores, processes, or transmits customer information, you may need to achieve SOC 2 certification to be competitive in the market. So, what’s the difference between Type 1 and Type 2?
Type 1 reports contain descriptions of the service organization’s
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