SOC 1, SOC 2 – what’s the real difference anyway?

SOC 1, SOC 2 – what’s the real difference anyway? Controls for financial reporting vs. trust services. Which matters more to your customers? SOC 1 for financial processes, SOC 2 for security, availability, integrity, and privacy. Are you prioritizing the right one? Consider the assurance provided by each: SOC 1 for relevant controls, SOC 2 for trust service criteria. How do they align with ISO 27001, risk management, and GDPR compliance? Dive deep into evidence and continual monitoring. Does your organization need to focus more on risk management aligned with SOC 2 requirements? AICPA & CIMA’s upcoming SOC for Service Organizations School could shed light on this. Stay informed, compliance managers! Keep your finger on the pulse of SOC 1, SOC 2, and beyond. When compliane is key ask Compliance Managers Group about OBJECTLY.IO.