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SOC EXAMINATION FAQs

Make your next assurance decision with clarity.

Answers to common questions asked by companies evaluating SOC 2 audit services and independent CPA firms.

What is a SOC 2 audit?

A SOC 2 audit is commonly used to describe an independent CPA attestation examination of a service organization’s controls relevant to selected Trust Services Criteria: security, availability, processing integrity, confidentiality, and privacy.

What is the difference between SOC 2 Type I and Type II?

Type I examines the suitability of control design as of a specified date. Type II additionally addresses whether the controls operated effectively throughout a specified period.

How much does a SOC 2 audit cost?

Pricing depends on system complexity, selected criteria, number of locations, maturity of controls and whether a Type I or Type II examination is needed. Request a scoped proposal for an accurate estimate.

Who can issue a SOC 2 report?

A SOC 2 examination report is issued by an appropriately qualified independent CPA firm performing the engagement under applicable professional standards. The AICPA does not itself attest to individual companies’ SOC 2 controls.

Is a SOC 2 report the same as SOC 2 certification?

No. SOC 2 is an attestation examination and report, not an AICPA certification. The examination may result in an unmodified or modified opinion depending on the findings.

When do we need SOC 1 instead of SOC 2?

SOC 1 addresses service organization controls likely to be relevant to user entities’ internal control over financial reporting. SOC 2 addresses controls relevant to selected Trust Services Criteria, often sought for security and other operational assurance.