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Generating a SOC 2 Report will generally take somewhere between six months to a year for most companies. In particular, SOC 2 Type 1 Reports can take up to six months, whereas SOC 2 Type 2 Reports will typically take at least six months and will often last an entire year or longer.

Teams should consider the following best practices when preparing for a SOC 2 audit: Create Up-to-date Administrative Policies. ... Set Technical Security Controls. ... Gather Documentation and Evidence. ... Schedule an Audit with A Reputable Auditing Firm.

Generating a SOC 2 Report will generally take somewhere between six months to a year for most companies. In particular, SOC 2 Type 1 Reports can take up to six months, whereas SOC 2 Type 2 Reports will typically take at least six months and will often last an entire year or longer.

The SOC 2 Type II Audit Process entails: Reviewing the audit scope. Creating a project plan. Testing controls for design and/or operational effectiveness. Authenticating the results. Delivering and communicating the organization's report.

Here's a 9 step SOC 2 checklist for your reference: Choose your objectives. Identify the type of SOC 2 report. Define scope. Conduct an internal risk assessment. Perform gap analysis and remediation. Implement stage-appropriate controls. Undergo readiness assessment. SOC 2 audit.

The SOC 2 compliance cost for Type 2 reports typically ranges between $7000 ? $50000. Again, the costs depend on your organization's size, complexity (of systems & controls), audit readiness, TSCs chosen and the type of auditor. That said, the costs do add up when you include readiness assessments and other overheads.

Here are the 5 steps to achieve SOC 2 Compliance: Approach A Credible Third-party And Determine Gaps. ... Select Criteria For Auditing. ... Build A Roadmap For SOC 2 Compliance. ... Perform A Formal Audit. ... Get Certified And Re-Certified.