SOC2 Type 1 & Type 2

Preparing for SOC 2 examination involves a structured approach to ensure your organization complies with the Trust Service Criteria (TSC)

We Will Prepare Your Business for Your SOC 2 Examination

SOC 2 Examination is the official term used by AICPA.

How Does AICPA Define SOC 2 examination.

This will be conducted by a CPA firm that will conduct an examination engagement to report on whether

(a) the description of the service organization’s system is in accordance with the description criteria

(b) the controls were suitably designed to provide reasonable assurance that the service organization’s service commitments and system requirements were achieved based on the applicable trust services criteria

(c) in a type 2 report, the controls operated effectively to provide reasonable assurance that the service organization’s service commitments and system requirements were achieved based on the applicable trust services criteria.

Let Savio Security guide you through every step of your SOC 2 journey. From implementing robust security controls to preparing for a successful examination, we’re here to ensure your organization is ready and confident.

Understand SOC 2 Requirements

Familiarize yourself with the SOC 2 framework, focusing on the Trust Service Criteria (TSC) (e.g., Security, Availability, Confidentiality, Processing Integrity, and Privacy).
Identify which TSCs apply to your business based on the services you provide and customer expectations.
Decide on the type of report:
Type 1: Evaluates control design at a specific point in time.
Type 2: Evaluates operational effectiveness over a period (e.g., 6-12 months).

Implement and Document Controls

Technical Controls: Examples include access management, encryption, logging, and monitoring.
Administrative Controls: Develop policies and procedures for incident response, change management, and vendor management.
Document everything: Ensure policies, workflows, and evidence are clearly defined and accessible.

Engage with a Registered CPA firm and Complete the Examination

Choose an independent, licensed CPA firm experienced in SOC 2 examinations.
Work with the CPA on:
Type 1 Examination: Validate that controls are appropriately designed.
Type 2 Examination: Confirm that controls operate effectively over the defined observation period.
Review the examination findings and address any deficiencies.
Once the examination is complete, receive the SOC 2 report and share it with customers as needed

Define the Scope

Determine the systems, processes, and services that fall within the examinations scope.
Identify key boundaries such as infrastructure, applications, and third-party dependencies.
Consider customer commitments and regulatory requirements influencing the scope.

Conduct a Readiness Assessment

Perform a Gap Analysis: Compare existing controls and policies against SOC 2 requirements.
Identify and document areas needing improvement.
Develop a Remediation Plan to address gaps in controls, documentation, or processes.

Conduct Internal Testing and Training

Test your implemented controls internally to verify they work as intended.
Conduct employee training on their roles in compliance, fostering awareness about the importance of SOC 2 practices.
Perform a mock examination to identify any last-minute issues or gaps.

SAVIO SECURITY

SOC2 Type 1 & Type 2

We Will Prepare Your Business for Your SOC 2 Examination