System and Organization Controls
Key Aspects of SOC 2 Type 2:
Purpose: To provide assurance to clients and stakeholders that a company manages data securely and adheres to strict security controls, often required to close enterprise deals.
Trust Services Criteria (TSC): Based on five principles—Security (required), Availability, Processing Integrity, Confidentiality, and Privacy.
Audit Process: Conducted by an independent, accredited CPA firm that tests the controls for effectiveness, not just design.
Duration: Audits usually cover a period of 3 to 12 months, making it more comprehensive and time-consuming than Type 1.
Outcome: A detailed report providing confidence to customers that security measures are robust and continuously monitored.
