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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.

Most service organizations conduct SOC 2 self-assessment prior to an official report to ensure SOC 2 attestations. In any case, SOC 2 attestation requires the CPA to attest that a service organization's controls meet the minimum standards set out by the AICPA.

SOC 2 audits can only be conducted by a licensed CPA firm or agency accredited by the American Institute of Certified Public Accountants (AICPA). In addition, the auditor or auditing firm must be a completely independent CPA, which means they have no relationship with the service organization they're auditing.

Every SOC 2 report should have the 5 sections: Management Assertion. Independent Service Auditor's Report. System Description. Applicable Trust Services Criteria and Related Controls, Tests of Controls, and Results of Tests. Other information provided by the Management.

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.

A SOC 2 self-assessment can give you a clear idea of how well prepared you are for an external audit, and help you pinpoint gaps in your security posture so you can fix them before your audit.

Report from the auditor. The first section of a SOC 2 report is a summary of the audit provided by the auditor. ... Management assertion. The management assertion allows the company to make claims about the audited systems and controls. ... System description. ... Tests of controls. ... Other information.

Understanding the SOC 2 Certification Process A SOC 2 audit can only be performed by a CPA. At their core, these audits gauge how the service delivery of a system fulfills the selected trust principles of SOC 2.

Think of this portion of the report as an overview of your company and its systems, teams, and security controls. You'll talk about the trust service principles and how your compliance program addresses them. And you'll give clients a detailed look at the best practices in place across your organization.