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As cloud services continue to expand globally, service providers are increasingly expected to demonstrate compliance with a variety of frameworks depending on where their customers operate. Two commonly requested assurance reports include the American Institute of Certified Public Accountants (AICPA) SOC 2 attestation report and the German Federal Office for Information Security (Bundesmat fur Sicherheit in der Informationstechnik, or “BSI”) Cloud Computing Compliance Criteria Catalogue (C5) attestation report.

Opting for a readiness assessment ahead of your SOC 2 examination is—while optional—a beneficial extra step when seeking compliance. Do you remember taking a practice test while preparing for an exam in school? Such a move could never hurt your chances of success. That being said, there are some things you should understand ahead of your readiness assessment that can help demystify your experience.

As they’re now two of the most popular compliance initiatives in the world, many organizations often choose to pursue either SOC 2 or ISO 27001, and others are tackling both. In fact, there are strategic benefits to be gained in undergoing both a SOC 2 examination and achieving ISO 27001 certification, especially as you can do both at the same time.

As the need for SOC 2 examinations continues to grow domestically as well as internationally, many organizations now either find themselves taking on more and more assessments or trying to appease a client base that requires a SOC 2 examination when the typical product or platform approach may not apply. When these situations crop up, we are seeing more adoption of what’s known as an enterprise services SOC 2 examination.

We’ve provided all types of SOC services since the emergence of the brand back in 2011, and over the years, we’ve often received questions specifically about the difference between SOC 2 and SOC 3 reports. Whether or not you work with us on these services, you deserve to know which option is best for your organization and why.

As organizations face pressure to obtain third-party validation demonstrating their effective cybersecurity and risk management practices, they may wonder which compliance approach is best to pursue. HITRUST Certification is a globally recognized program that validates an organization’s compliance with the HITRUST Common Security Framework (CSF). An alternative to obtaining a HITRUST CSF Certification is the SOC 2 + HITRUST report, which serves as a collaboration between HITRUST and the AICPA.

The American Institute of Certified Public Accountants (AICPA) has designed three distinguished SOC reports to accommodate the varying needs of service organizations, each with their own purpose and intended use. As such, when service organizations begin researching System and Organization Controls (SOC) reports, their first consideration often centers around determining which SOC report(s) is best for their needs.

As organizations grow and expand their client base, especially in regulated or security-conscious industries, the demand for third-party assurance has never been higher. It’s common to be faced with requests for both an ISO 27001 certification and a SOC 2 report, but you may be wondering if they are really different. Companies often ask, “can my ISO 27001 certification cover what’s needed for SOC 2?” or “do I really need both?”