SOC 2: System and Organization Controls Reporting
Technology and processes can be outsourced; risks and accountability cannot
Organizations frequently form business relationships with other companies to achieve their goals, leveraging modern cloud computing and telecommunications systems to outsource tasks or functions. While these relationships can boost revenues, expand market opportunities, and reduce costs for organizations, they also introduce additional risks related to the service organization's systems, particularly concerning security, availability, confidentiality, processing integrity, and privacy of customer data.
Managing Risks with SOC 2 Reports
SOC 2 reports provide assurance over these critical areas by examining a service organization's controls. The examination assesses whether the system's description is accurate, controls are designed to meet service commitments and system requirements, and in a Type 2 examination, whether these controls operate effectively over time.
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SOC 2: System and Organization Controls Reporting
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