Market the Effectiveness of Your Control Environment
What is a SOC 3 Report?
Similar to a SOC 2, a SOC 3 report focuses on the controls relevant to the AICPA’s Trust Services Criteria over security, availability, processing integrity, confidentiality, and privacy. Unlike a SOC 2, a SOC 3 report can be made publicly available for marketing an organization’s compliance and operations surrounding security. In order to obtain a SOC 3 report, an organization must first have a SOC 2 review completed.
What is the Difference Between a SOC 2 and SOC 3 Report?
A SOC 3 report is an extremely slimmed-down SOC 2 report, but it’s freely distributable. The SOC 2 is only allowed to be distributed to customers, prospective customers, and individuals who have insight into the services and the environment of the organization. The SOC 3 because it’s a slimmed-down report, includes the Service Auditors report, the management’s assertion, and just a few pages of high-level information about the organization and high-level policies and procedures.
Who Would Benefit from a SOC 3 Report?
Organizations whose primary goal is marketing their system/product against an industry-approved standard should select this reporting option. A SOC 3 report is a good fit for an organization if they want to make their report generally available on their website or use it in marketing materials.
Additional SOC Resource
Download our eBook, “A Comprehensive Guide to SOC Reports” to learn additional pertinent and valuable information around SOC3 and the other SOC reports available to your organization, SOC examinations, finding the right auditor, and much more. If you’d like to discuss how our team can help with your SOC audit needs, please contact us.