SOC 2 is a cybersecurity audit that evaluates an organization's controls related to security, availability, processing integrity, confidentiality, and privacy. It is typically conducted by an independent third party, such as a certified public accounting firm.
The SOC 2 audit process typically involves the following steps:
- Preparation: The organization being audited will need to gather and prepare documentation related to their systems and controls. This may include policies, procedures, and other documentation that demonstrate the organization's compliance with the relevant trust principles.
- Engagement: The organization and the audit firm will enter into a written engagement letter that outlines the scope and objectives of the audit, as well as the fees and other terms of the engagement.
- Testing: The audit firm will conduct testing of the organization's controls to determine whether they are designed and operating effectively. This may include reviewing documentation, observing processes and procedures, and performing testing of system controls.
- Reporting: The audit firm will prepare a report detailing their findings and conclusions. The report will include a description of the controls tested, the results of the testing, and any recommendations for improvement.
- Follow-up: If the audit identifies any deficiencies in the organization's controls, the organization may need to implement corrective action to address those deficiencies. The audit firm may also follow up with additional testing to ensure that the corrective action has been effectively implemented.
Overall, the SOC 2 audit process is designed to provide assurance that an organization has controls in place to protect the security, availability, processing integrity, confidentiality, and privacy of their systems and data. It is an important tool for organizations that handle sensitive information and need to demonstrate their commitment to cybersecurity and data protection.