SOC 2 Type 1
Security, Availability, Processing Integrity, Confidentiality, and Privacy (Initial Assessment)
SOC 2 Type 1 is a report designed to evaluate the design and implementation of a service organisation’s internal controls relevant to the Trust Services Criteria (TSC) — Security, Availability, Processing Integrity, Confidentiality, and Privacy — at a specific point in time.
This assessment provides assurance to user entities (clients) regarding the effectiveness of the controls established by the service organisation to protect their data and ensure service reliability.
Key Components of SOC 2 Type 1
- Trust Services Criteria: The report focuses on five key areas:
- Security: Protection of the system against unauthorised access.
- Availability: Accessibility of the system as agreed upon.
- Processing Integrity: Completeness, validity, accuracy, and timeliness of system processing.
- Confidentiality: Protection of information designated as confidential.
- Privacy: Protection of personal information in accordance with relevant privacy regulations.
- Control Objectives: Specific objectives related to the Trust Services Criteria that the organisation aims to achieve with its internal controls.
- Management Assertions: Management asserts that the controls are suitably designed to meet the specified criteria as of the assessment date.
- Control Descriptions: A description of the relevant controls in place at the service organisation to meet the Trust Services Criteria.
TotalCert Consulting’s Services for SOC 2 Type 1
Gap Assessment and Reporting
- Initial Analysis: Conduct a comprehensive gap analysis to evaluate existing controls against the SOC 2 requirements.
- Action Plan Development: Provide recommendations to address identified gaps and improve control environments.
Control Documentation
- Control Framework Creation: Assist in developing and documenting the necessary controls aligned with the Trust Services Criteria.
- Policies and Procedures: Create tailored policies and procedures to support control implementation.
Implementation Support
- Control Implementation Guidance: Support organisations in the effective implementation of identified controls.
- Management Engagement: Facilitate communication with management to ensure the organisation is aligned with its compliance objectives.
Training and Awareness
- Employee Training Programs: Provide training sessions to ensure employees understand their roles in maintaining compliance and data security.
- Awareness Initiatives: Develop initiatives to promote a culture of security and compliance within the organisation.
Coordination of SOC 2 Type 1 Audit
- Audit Facilitation: Coordinate with a qualified CPA registered under the AICPA to conduct the SOC 2 Type 1 audit, ensuring a smooth process.
- Information Management: Act as a liaison between the organisation and auditors, ensuring timely information exchange.
Post-Audit Support
- Review of Findings: Assist organisations in interpreting audit findings and providing guidance on corrective actions.
- Continuous Improvement: Support organisations in developing ongoing strategies for maintaining and enhancing their control environments.
Project Timeline
The timeline for obtaining a SOC 2 Type 1 report can vary based on the organisation’s readiness and the complexity of its control environment. Generally, organisations can expect the entire process to take approximately two to four months, depending on factors such as existing controls and management engagement.
Why Choose TotalCert Consulting?
Expertise in SOC Reporting
Our team has extensive experience in SOC reporting, ensuring compliance with the Trust Services Criteria.
Tailored Solutions
We provide customised services aligned with your organisation’s specific needs for SOC 2 Type 1 compliance.
Qualified Partnerships
We collaborate with experienced CPA registered under the AICPA to deliver thorough SOC 2 Type 1 audits.
Comprehensive Support
From gap assessments to post-audit follow-up, we provide end-to-end assistance throughout the SOC 2 Type 1 process.
