Question 1

What is a SOC 2 report?

Accepted Answer

A SOC 2 report is an attestation that assesses a service organization's controls related to security, availability, processing integrity, confidentiality and privacy.

Question 2

How long does it take to get a SOC 2 report?

Accepted Answer

Timelines vary with your readiness and the scope of the audit. Type 2 reports typically cover at least six months of operational evidence. Render Compliance guides you through readiness so you can complete your audit more quickly and efficiently.

Question 3

What’s the difference between SOC 2 Type 1 and Type 2?

Accepted Answer

Type 1 reports evaluate the design of your controls at a point in time, whereas Type 2 reports assess both the design and operating effectiveness over a period of time.

Question 4

Is SOC 2 the same as ISO 27001?

Accepted Answer

No. SOC 2 is an attestation standard focused on the Trust Services Criteria, while ISO 27001 is a certifiable standard for an information security management system. Many SaaS companies pursue both to satisfy different customer and regulatory requirements.

Question 5

What’s the difference between SOC 1 and SOC 2?

Accepted Answer

SOC 1 relates to controls over financial reporting, whereas SOC 2 evaluates controls around security, availability, processing integrity, confidentiality and privacy—making it more relevant for SaaS companies.

Question 6

Can I hire Render Compliance for both readiness and SOC 2 attestation?

Accepted Answer

Yes. Render Compliance offers readiness assessments to prepare your organization and then conducts independent SOC 2 Type 2 attestation.

Day: January 16, 2024

Is Risk Assessment required for the SOC 2?

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