SOC 1 and SOC 2 Examinations

  Answer:

SOC reports examine controls over the services provided by service organizations. To address our customers’ varying needs, we complete two SOC examinations.

• Type 2 SOC 1—prepared in accordance with SSAE 18 reports on the design and operating effectiveness of controls relevant to user entities’ internal control over financial reporting.
• Type 2 SOC 2—reports on the design and operating effectiveness of controls that affect the security, availability and processing integrity of the system used to process users’ data and the confidentiality and privacy of the information processed by the system.

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