What is SOC 2?
SOC 2 (System and Organization Controls 2) is a widely recognized auditing standard developed by the American Institute of Certified Public Accountants (AICPA). It focuses on how service organizations manage customer data based on five “Trust Services Criteria”: Security, Availability, Processing Integrity, Confidentiality, and Privacy.
SOC 2 is particularly relevant for technology and cloud-based companies that store or process customer information. It evaluates whether a company has effective controls in place to protect data and ensure reliable service delivery.
Unlike certifications like ISO, SOC 2 is an attestation report, meaning it provides assurance from an independent auditor that your internal controls meet defined criteria over a specific period (Type II) or at a specific point in time (Type I).
SOC 2 reports help build trust with clients, demonstrate regulatory readiness, and provide a competitive edge in data-driven industries.
BBS delivers SOC 2 audit services via authorized partner organizations.
SOC 2 Type I vs Type II – What’s the Difference?
When pursuing SOC 2 compliance, organizations can choose between two types of reports: Type I and Type II. Both assess how well your systems align with the Trust Services Criteria (Security, Availability, Processing Integrity, Confidentiality, and Privacy), but they differ in timing and scope.
🔵 SOC 2 Type I
Evaluates the design and implementation of controls at a specific point in time.
Answers the question: “Are the right controls in place today?”
Faster to complete and often used as a starting point or for early-stage companies.
🔵 SOC 2 Type II
Evaluates the operating effectiveness of controls over a defined period (typically 3–12 months).
Answers the question: “Are the controls working consistently over time?”
Considered more comprehensive and trusted by enterprise clients and regulators.
Why Choose SOC 2 Compliance?
Builds Customer Trust
Meets Enterprise Client Expectations
Strengthens Information Security
Supports Regulatory Readiness
Reduces Business Risk
Enhances Market Reputation
Provides a Competitive Advantage
Validates Internal Processes
Which Industries Benefit from SOC 2?
SOC 2 compliance is essential for organizations that store, process, or transmit customer data — particularly in cloud-based and technology-driven environments. It is widely adopted by companies seeking to demonstrate strong internal controls over security, availability, and confidentiality.
Industries that particularly benefit from SOC 2 include:
SaaS Providers
(cloud-based applications, productivity platforms, CRM/ERP tools)
Managed Service Providers (MSPs)
(IT support, infrastructure hosting, monitoring services)
Fintech and Financial Services
(digital banking, payment processors, investment platforms)
Healthcare Technology
(electronic health records, health data analytics, telemedicine apps)
E-commerce and Online Marketplaces
(customer data handling, transaction security, user authentication)
Data Analytics and AI Companies
(handling large volumes of sensitive or proprietary data)
HR and Payroll Platforms
(employee data, salary information, identity records)
Cybersecurity and Identity Management Providers
(MFA, access management, vulnerability scanning services)
SOC 2 is also valuable for any B2B service provider whose clients demand transparency, reliability, and accountability in how their data is managed and protected.
Why Work with BBS?
25 Years Experience
Trusted Certification Body
Auditors with Technical Expertise
Clear and Respectful Communication
Reliable and Transparent Processes
Efficient Process Management
Audit Process
Our certification process is designed in accordance with ISO/IEC 17021 to ensure impartiality, independency, and transparency. Each step is carried out by qualified personnel, auditors and decision-makers to evaluate the effectiveness and conformity of your management system.