The two primary types of SOC Audits are SOC 1 and SOC 2. A SOC 1 report focuses on the internal controls related to financial data and reporting; a SOC 2 focuses on a much broader range, including the five security criteria: security, availability, confidentiality, process integrity, and privacy. These are the most common SOC types, but there are a few other kinds of SOC Audits, and one of those is a SOC 3. This audit reports on the same criteria as a SOC 2, but with a few distinguishing factors that set it apart.
How Does It Differ From SOC 2?
A SOC 3 report has several unique aspects that set it apart from a SOC 2. The most significant difference between the two is that a SOC 3 is a general use report that can be shared and distributed freely. This allows the details of the report to be shared publicly, posted onto the company website, or to be used for other marketing activities. The report is less detailed than a SOC 2 and is targeted towards an audience who might not have the knowledge necessary to interpret a full SOC 2 report. A few other details that set them apart are that the auditor is not described within the report, and a SOC 3 report is always a Type 2 report that tests the controls over at least 6 months.
Who Needs A SOC 3 Report?
A SOC 3 is useful for firms whose customers or clients need verification of your organization’s security and data management, but who may not have the knowledge to interpret a full SOC 2 report. A business looking to utilize their SOC certification in marketing materials can effectively use one as well.
If you would like to learn more or get started on your first SOC Audit, contact us today!
