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FAQ

Here is a list of typical questions which are in the minds of those who wish to leverage our services. If you see more information, feel free to contact us.

What is the purpose of a SOC 2 audit?

Many companies find it cost-efficient to outsource certain services, such as data hosting, colocation, data processing, and Software-as-a-Service (SaaS). The data that is transmitted, stored, maintained, processed and disposed by these service providers must be kept confidential, secure, private and available for use. In addition, a service provider?s system processing must be complete, accurate, timely and authorized. A SOC 2 Report ensures companies that the five Trust Service Principles of Security, Availability, Processing Integrity, Confidentiality, and Privacy are being addressed by their service organization?s controls.

A Type I audit results in a report on management?s description of the service organization?s system and the suitability of the design of the controls to achieve the related control objectives included in the description as of a specific date. A Type II audit is the same as a Type I audit but with a report on the operating effectiveness of the controls throughout a specified period.

 

If you are a data provider that stores or processes financial information, absolutely. If you?re a company looking to outsource your data storage of financial information and need a provider that is secure and compliant, a SOC 2 report will go a long way towards fulfilling that obligation. If your current or potential vendor is not willing to share their reports, consider another provider.

 

Similar to SOC 1 audits, I.S. Partners, LLC provides two types of SOC 2 audits for service organizations. A Type 1 audit examines the controls used by service organizations to address any one or all five Trust Service Principles. The audit provides assurance that controls are designed effectively to meet the desired objectives at a point in time. A Type 2 audit includes the same information as a Type 1 audit, but with the additional attestation that a service organizations controls are tested for operating effectiveness over a period of time. I.S. Partners, LLC?s SOC 2 reports provide a description of the tests we perform and the results of those tests.

What’s the difference between SOC 2 Type 1 and Type 2?

  • Type 1: Assesses the design and suitability of controls at a specific point in time.

  • Type 2: Assesses both design and operating effectiveness of controls over a period (usually 6–12 months).

No, SOC 2 compliance is voluntary, but it is often required by clients, partners, or regulatory frameworks for doing business.

 

Preparation for a Type 1 audit can take a few weeks to months depending on the organization. Type 2 audits take longer as they cover ongoing control effectiveness over 6–12 months.

 

SOC 2 requires controls for access management, monitoring, encryption, incident response, and data integrity, helping organizations prevent, detect, and respond to cyber threats effectively.

What Our Clients Say

These testimonials are a proof why we are Top Cyber Security Company, and also Best VAPT Consulting Organization.

CN

Cloud analytics mobile and cloud app product, catering to banking and finance industry

Banglore, India

SaaS Product

“We run a cutting-edge data analytics firm, and Valency Networks did a great job pentesting our SaaS cloud app. The reports and manual testing quality were excellent. Thank you, Valency team.”

CN

Cloud analytics mobile and cloud app product, catering to banking and finance industry

Banglore, India

SaaS Product

“We run a cutting-edge data analytics firm, and Valency Networks did a great job pentesting our SaaS cloud app. The reports and manual testing quality were excellent. Thank you, Valency team.”

CN

Cloud analytics mobile and cloud app product, catering to banking and finance industry

Banglore, India

SaaS Product

“We run a cutting-edge data analytics firm, and Valency Networks did a great job pentesting our SaaS cloud app. The reports and manual testing quality were excellent. Thank you, Valency team.”