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A SOC 1 examination normally takes one to three months for Type I reports and six to twelve months for Type II reports if a company has controls in place. The audit may take longer if there are no controls in place. For most businesses, a SOC 2 Report will take anything from six months to a year to complete.

A service auditor performs SOC 1 reports that cover the requirements of Statement on Standards for Attestation Engagements No.

A SOC 1 report focuses on outsourced services that could impact a company's financial reporting. By providing a SOC 1 report from the third-party, companies can effectively communicate information about their risk management and controls framework to multiple stakeholders.

The Microsoft Managed Desktop Security Operations Center (SOC) partners with your information security staff to keep your desktop environment secure.

The first time through, usually a readiness assessment would be performed, and then a SOC 1 Type 1, and take anywhere from 2 to 3 months. However, there are situations where it may take 6 to 12 months should an Organization not have the resources or sufficient priority assigned.

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 must be issued by a CPA firm that specializes in auditing IT security and business process controls. SOC 1 reports are considered attestation reports.

The process for a SOC 1 Type 1 report is rather straightforward. An auditor reviews the organization's system description to ensure that it is fairly presented and evaluates whether controls are suitably designed as of a specified date. Testing is minimal, typically an example of one for each control.