If you are searching for detailed information about SOC 2 Type 2 Audit Reports, have a look at this article. Know about its importance and ISO 27001.

1. Importance of SOC 2 Type 2 Audit
and ISO 27001 Certification
In this digital world, the cyberattack is the most common and easy way to steal data, and a breach in
data can be dangerous for the data handler as well as the breach of the privacy of the individual that
has submitted his data to any organization. The organization which holds sensitive data requires the
services of those organizations that safeguard their data against any cyber-crime. The organization
must hold Software-as-a-service (SaaS) and be certified from SOC 2 Type 2 Audit Compliance and
ISO 27001 certification.
Getting SOC 2 Certification by an accredited organization builds a sense of trust between customers
that the company holding their data manages to keep all aspects of security to safeguard the data of
their precious client. The client remains in peace of mind against any security threat posed by a
group of hackers or cyber thieves that the organization is following the strict cyber security
protocols to keep their data safe and secure. The ongoing compliance with SOC 2 Type 2 Audit
and ISO 27001 certification is a demanding process by organizations, but we have to believe the
demanding process of the third party organization to provide the certificate of the SoC 2 Type 2
Audit.
What is SOC 2 Audit?
SOC stands for “System and Organization Control” and it was created and developed by the
American Institute of Certified Public Accountants (AICPA) to make way to address growing
concern over data privacy and protection. An SOC 2 report is designed in such a way to audit the
process and controls of the service provider’s organization that stores customer data in the cloud
server.
A SOC 2 audit is done by an independent third-party organization that reviews and tests everything
of an organization like non-financing reporting controls as they are related to security, availability,
processing integrity, confidentiality, and the privacy management of the system.
What does SOC 2 require?
The SOC 2 Audit has two levels of inspection. SOC 2 Type 1 Audit requires taking control that
goes in line with five trust factors provided by the AICPA.

2. The five factors are as follows:
Security: The protection of the information at the collection and creation, use, processing,
transmission, and storage and protecting the system used for processing the electronic information
to make the entity complete its objective.
Availability: All the information and the system used in the maintenance of the data are available
for processing operation and monitoring by the concerned authority.
Processing Integrity: This term is used for the completeness, validity, accuracy, timeliness, and
authorization of the system processing.
Confidentiality: Confidentiality refers to the protection of the information that is termed as
confidential from its collection and creation to the final disposition and removal of the data.
Privacy: Privacy is the key in every organization as it ensures the use of the personal information
that is collected, used, retained, disclosed, and disposed of in line with the privacy policy drawn by
the organization.
An SOC 2 type 2 goes a step ahead by allowing a third party to monitor and test the process that
how well an organization is doing to control work over a certain period. The certification process in
SOC 2 type 2 Audit from a third party usually takes time from six months to one year.
What is ISO 27001?
ISO 27001 is the internationally acclaimed standard that specifies the requirements of the things in
ISMS (Information Security Management System). ISO 27001 is the cornerstone of effective
information security risk management.
ISO 27001 demands from the organizations are doing and checking systematically the
organization’s information security lapse, making note of all the threats, vulnerabilities, and
impacts. To create and implement all aspects of security threat from all angle that is deemed
unacceptable. Adopt an overall security management system to counter any threat or breach of
security in the organization system of information security controls.
Conclusion
Accorp Partners is the leading and qualified financial advisors and handles all types of the SOC
audit and SOC reporting like SOC 2 audit, SOC 2 Type 1 Type 2 audit, ISO 27001, SOC 1 audit,
SOC 2 certification. Do check our website to find more about investing rules and regulations in
different companies.