WHAT IS SOC 2
SOC 2 Audits and Reports
System and Organization Controls 2 (SOC 2) is a security framework developed by the American Institute of Certified Public Accountants (AICPA) that ensures your organization protects its data from security risks.
A SOC 2 audit is performed by an independent SOC 2 auditor who evaluates how your company handles customer data related to five trust service principles: security, process integrity, aavailability, privacy, and confidentiality.
Once complete, the auditors findings are compiled into a SOC 2 report, which serves as proof that your organization is committed to protecting data according to the the AICPAs standards.
The SOC 2 report is often used in the sales cycle to show potential customers, vendors and partners that your company is serious about data protection.
Having the report on hand allows you to close deals faster and expand into highly regulated industries that demand a greater level of security and SOC 2 compliance from their vendors.
Based in Philadelphia, I.S. Partners has completed hundreds of SOC 2 audits and readiness assessments over the past 20 years. Unlike other firms, you’ll always work directly with a U.S. based, senior-level SOC 2 auditor who is focused on making sure your audit experience is stress-free, with minimal disruption to business operations.
BENEFITS
SOC 2 Compliance Safeguards Data and Builds Trust
SOC 2 audits foster customer trust, which can lead to sales growth. They represent a competitive advantage by showing adherence to best practices for protecting sensitive information.
PRICING
Transparent Pricing for SOC 2 Services
SOC 2 audit services and consultation fees significantly vary based on factors such as the size of your organization, the complexity of your IT infrastructure, and the specific requirements of your industry.
SOC 2 costs may include:
- Gap Analysis
- Documentation Prep
- Process Guidance
- Readiness Assessments
- External Auditors
- Records Maintenance
- Certification Audit
TIMEFRAME & FREQUENCY
SOC 2 Audit Timeframe and Frequency
Timeframe
The actual SOC 2 audit period will depend on the complexity of your operations, type of audit, industry practices, business size, and existing security controls.
SOC 2 Type 1
3-6 months (average)
SOC 2 Type 2
6-12 months (average)
Frequency
SOC 2 reports typically have no expiration. However, standard practice dictates the need for an annual audit, or when major changes occur.
SOC 2 Type 1
3-6 months (average)
SOC 2 Type 2
12 months (average)
WHY CHOOSE US
Your Trusted SOC 2 Audit Firm
Choose I.S. Partners for unparalleled expertise in navigating SOC 2 compliance, ensuring your organization meets the highest security standards. Our dedicated team provides customized solutions that protect your data and prove to customers, partners and vendors that you are serious about protecting their data.
Full U.S.-based team
Ensures a better understanding of the local business nuances and regulations.
No Outsourcing
Work with the same dedicated team throughout the entire process.
One-stop shop
Saves time and effort by offering all requisite services under one roof.
Nearly 20 years of experience
Gives you access to our deep industry insights and tried-and-tested methods.
Compatibility with your compliance software
Offers the flexibility to integrate with existing software like Drata, Vanta, or any other.
Software Included (FREE!)
Benefit from our proprietary software at no additional cost.
WHAT’S INCLUDED
Comprehensive SOC 2 Compliance Services
Our SOC 2 auditors regularly work with users and service organizations to help both parties achieve top-level compliance for a secure business relationship that benefits everyone involved.
Our SOC 2 Compliance Services Include:
Strategic SOC 2 Compliance Plan
IS Partners helps define the audit scope, focusing on relevant Trust Services Criteria. This strategic plan ensures a targeted approach to compliance.
Evidence Collection and Testing
We gather evidence to verify that your controls are operating effectively. This includes conducting walkthroughs and performing tests on your control processes.
SOC 2 Readiness Assessment
We assess your systems and services, identifying areas for improvement. This readiness assessment prepares your organization for the compliance process.
SOC 2 Badge
After a successful audit, you receive a SOC 2 badge. This badge demonstrates your commitment to data security and enhances customer trust.
Audit Assertion Letter
We provide a detailed assertion letter outlining audit objectives. This document helps clearly define the systems and controls subject to the audit.
SOC 2 Report
We prepare a comprehensive SOC 2 report with the auditor’s opinion. This final report highlights control effectiveness and any areas for improvement.
Review of Controls and Processes
Our team examines your control design and effectiveness. We review policies, procedures, and documentation to ensure alignment with SOC 2 standards.
We provide two types of SOC 2 audit services:
Audit Type | Coverage Period | Description |
SOC 2 Type I | Point in time | This audit focuses on the service organization’s controls used to address any or all five Trust Service Criteria, providing assurance of effective design at a specific point in time. |
SOC 2 Type II | 6-12 Months | It examines the operating effectiveness and how well those controls have operated over a period of time, typically 6-12 months. |
PROCESS
Our Proven SOC 2 Process
Our team also conducts a SOC 2 readiness assessment to evaluate your existing internal controls and procedures against SOC 2 requirements. This pre-audit service is essential for identifying potential gaps and developing a remediation plan to ensure successful audit outcomes.
WHO WE SERVE
Your Trusted Partner for SOC 2 Success Across Industries
I.S. Partners has helped hundreds of companies achieve SOC 2 and other critical security certifications. Our SOC 2 auditors have extensive experience working with companies of all sizes across various industries, including:
TESTIMONIALS
See why our clients are so loyal.
Are Your Customers Demanding a SOC 2 Report?
Book a free consultation to find out pricing, timeline and next steps.
FAQs