A SOC 2 Type 2 report looks at the system and control performance of a service organization for a set amount of time, usually three to twelve months.
An external audit by a CPA firm authorized by the AICPA is required for both report types. Type I reports take less time to complete, thus they may be the better choice for organizations that need a SOC 2 report as soon as feasible. SOC 2 Type II reports, however, are more important to consumers and will be required for the majority of businesses to get.
SOC 2 Type II report is a valuable demonstration of a service provider’s commitment to maintaining a secure and compliant environment over an extended period, providing stakeholders with a higher level of confidence in the organization’s control practices.
