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An Agreed Upon Procedures (AUP) report is a custom assessment that only evaluates security controls that are relevant in each third-party relationship. Because AUP reports are less time-consuming and more cost-effective, sometimes they're requested in place of SOC Reports.

SOC 1 reports and SOC 2 reports are not public or general use documents. They are limited in their distribution.

Here's a range of what to expect at a baseline: Component ExaminationPrice Range*SOC 1 Type 1$23,000 - $35,000SOC 1 Type 2$29,000 - $44,000SOC 2 Readiness$18,000 - $25,000SOC 2 Type 1$25,000 - $39,0006 more rows

A SOC 1 report is an audit report that's scope includes both business process and information technology control objectives and testing. A SOC 1 must be issued by a CPA firm that specializes in auditing IT security and business process controls. SOC 1 reports are considered attestation reports.

A SOC 1 report is largely similar to a CSAE 3416 report. Canadian standards currently do not specifically include reports similar to SOC 2 or SOC 3, however, an engagement under CSAE 3000 could accomplish the same.

These reports are not public documents but are instead shared exclusively among the organization's clients and the CPAs that audit the clients' financial statements (user auditors). The necessity of such reports becomes evident when organizations rely on external entities for pivotal financial report controls.

A SOC 1 evaluates an organization's financial controls ? the practices and procedures in place to ensure financial information is accurate. These reports are issued after an audit and can only be shared with a non-disclosure agreement.

SOC audits can only be performed and conclusively reported by an independent Certified Public Accountant (CPA).