SOC 2
in Under 2

The AICPA developed a set of criteria when evaluating an organization’s controls relevant to the
Trust Service Principles:

Prospects often request your SOC 2 report prior to entering into a business deal
Competitive edge against other players in the market
Provides assurance to customers and prospects about your security posture
Reduces security risks, such as a data breach, human error, or fraud and its consequences

Disrupts employees’ key responsibilities and delays company growth, especially startups
Manual, administrative and time-consuming process
Costs involved, such as: auditor costs, consultant costs and additional software costs
If the auditor notes deviations, it could result in a failed report

Frameworks