Evaluating Vendors for SOC 2 Compliance

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Modern enterprise relies increasingly on a complex network of vendors and service providers to handle their infrastructure. From security and cloud computing to applications and logistics, these providers will often take the most important data that the enterprise generates or processes. 

That’s why organizations must look at their vendors with more scrutiny. For example, getting involved with vendors that adhere to SOC 2 standards is a solid way to ensure that these providers maintain proper data security practices.

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CPAs and CISAs: Choosing the Right SOC 2 Auditor

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In today’s ever-evolving digital landscape, our central concern revolves around safeguarding data security and privacy. As businesses increasingly depend on cloud services and third-party vendors to manage their data, it becomes crucial to ensure these service providers adhere to stringent security standards. 

A prominent standard in this domain is the Service Organization Control 2, or SOC 2, a framework developed by the American Institute of Certified Public Accountants (AICPA). SOC 2 evaluates and reports on the controls at service organizations that directly impact customer data.

In this discussion, we delve into SOC 2 assessors and the essential factors to consider when selecting one.

 

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What Is SOC 2 with Additional Subject Matter (SOC 2+)?

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The Service Organization Control 2 (SOC 2) report has become, for many organizations and industries, the gold standard in security and integrity. While SOC 2 can be relatively comprehensive, more than the basic SOC 2 may be needed as regulatory and industry landscapes evolve. Enter SOC 2+, also known as a SOC 2 report with additional subject matter. 

By incorporating additional subject matter from other compliance frameworks or regulations, SOC 2+ offers a more comprehensive overview of an organization’s control environment. But what does SOC 2+ entail, and how can organizations prepare for this audit? This article will demystify SOC 2+ compliance and provide practical guidance on navigating this complex but critical process.

 

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