SOC Certifications

SOC Certifications

SOC (System and Organization Controls) certifications are attestations provided by independent third-party organizations that an entity’s controls meet specific criteria. SOC reports can provide assurance to customers, vendors, and regulators that an entity has implemented effective controls over its critical business processes and operations.

There are three types of SOC certification: SOC 1, SOC 2, and SOC 3. Each type of certification addresses different aspects of an entity’s controls and operations.

SOC 1 certifications address controls related to financial reporting. SOC 2 certifications address controls related to security, availability, processing integrity, confidentiality, and privacy. SOC 3 certifications are similar to SOC 2 certifications but are intended for use by the general public rather than just businesses and their service providers.

To obtain a SOC certification, an entity must undergo a rigorous evaluation by an independent third-party organization. The evaluation process includes a review of the entity’s documentation, testing of the entity’s controls, and on-site visits.

SOC 1, SOC 2, and SOC 3 certifications are widely recognized in the industry and can give businesses a competitive edge. They provide assurance to customers that an entity is using effective controls to protect their information and safeguard their operations.