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What is the Difference Between SOC 1 and SOC 2 Certification Reports?   no comments

Oct 23, 2018 @ 9:00am datacenter

SOC 1 & SOC 2

SOC 1 Report

The System and Organization Controls or SOC 1 report, is an audit that evaluates a service organization’s internal controls and procedures that are relevant to protecting client data. SOC 1 control objectives are focused primarily on the handling of data, which may impact a client’s financial statements and reports. There are two types of SOC 1 reports:

SOC 1 – Type I report focuses on a description of a service organization’s control and the suitability of how those controls are designed to achieve the control objectives.

SOC 1 –Type II audit report contains the same opinions as a Type I, but it adds an opinion on the operating effectiveness to achieve related control objectives.

 

SOC 2 Report

A SOC 2 report, like a SOC 1, also evaluates internal controls and procedures. The difference is that a SOC 2 report audits controls that directly relate to the security, availability, processing integrity, confidentiality, and privacy at a service organization. These criteria are known as the Trust Services Principles, and are the foundation of any SOC 2 report.

The SOC 2 report was created in part because of the rise of cloud computing and business outsourcing of functions to service organizations. These are called user entities in the SOC reports. Liability concerns have caused a demand in assurance of confidentiality and privacy of information processed by the system and organization.

TurnKey owns and operates its own private, SSAE 18 SOC 1 & SOC 2 certified, HIPAA compliant, datacenter located in New York’s Tech Valley region. Owning our datacenter, we have been able to design, build and maintain every aspect of its construction to provide an ideal hosted server environment. This allows us to provide our clients fast, secure and reliable performance at all times. We’ve also been able to leverage the state-of-the-art in green technologies, making our datacenter among the most energy-efficient world-wide.

 

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Written by David Maurer on October 23rd, 2018

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