System and Organization Controls 2 (SOC 2) is a framework designed to ensure that service providers securely manage data to protect the interests and privacy of their clients. Developed by the American Institute of CPAs (AICPA), SOC 2 focuses on criteria related to security, availability, processing integrity, confidentiality, and privacy.  

Implementing SOC 2 involves establishing and adhering to robust security policies and procedures and controls, often in technology-focused organizations. SOC 2 compliance provides a competitive edge by demonstrating a commitment to safeguarding client data and ensuring the reliability of services. It involves rigorous assessments and audits by third-party firms to validate adherence to established security standards.

Two types of SOC 2 reports and examinations exist: Type I and Type II.

The main difference between SOC 2 Type I and Type II reports lies in the scope and the duration of the evaluation. While SOC 2 Type I provides a static view of controls at a specific point in time, SOC 2 Type II offers a dynamic perspective by assessing how well these controls operate over an extended period. 

Both types are valuable, but the choice between them depends on the specific needs and expectations of the organization and its stakeholders. 

Type II reports are generally considered more comprehensive and provide a deeper level of assurance regarding the effectiveness of controls over time.

We offer comprehensive support including: selection of a CPA firm, preparation, mock audits, direct liaison with CPA firms and support during audit, to ensure a smooth experience. 

The timeline varies depending on the size and complexity of your organization. Typically, our streamlined process allows for  implementation of all control set within 1 - 3 months.

Depending on the engamgent type and examination:

• SOC 2 Type I - up to 1 month of audit time before issuing of report.
• SOC 2 Type II - 3 - 6 months initial examination period is required before issuing of report.

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Absolutely. We tailor our services to match your unique requirements, ensuring the implementation is aligned with your operational goals and existing systems. We purpose additional control sets based on the industry and follow best project management practices.

Yes! MindMint SOCureIT  can be integrated with other frameworks such as Information Security Management System (ISMS) based on ISO 27001, and other relevant standards such as ISO 22301, ISO 9001, ISO 2000-1, ISO 27701, TISAX, etc.