What is SSAE 16 Type II certification?
What is SSAE 16 Type II certification?
SSAE-16 SOC 2 Type 2 stands for Standards of Attestations Engagement No. 16, System and Organizations Controls Report 2, Type 2. This AICPA-developed auditing report assesses how well organizations handle data security, system privacy, data confidentiality and data processing processes.
What is a SSAE SOC 2 report?
SSAE 18 SOC 2 Requirements The SOC 2 report examines the areas of security, availability, processing integrity and confidentiality. A secure organization: Protects data from unauthorized access. Makes information and services readily available. Runs systems that perform their functions correctly.
What is SSAE 16 soc1 Type II report?
A SOC 1 Type 1 report is an independent snapshot of the organization’s control landscape on a given day. A SOC 1 Type 2 report adds a historical element, showing how controls were managed over time. The SSAE 16 standard requires a minimum of six months of operation of the controls for a SOC 1 Type 2 report.
What does SOC II stand for?
Service Organization Control 2
Soc 2, pronounced “sock two” and more formally known as Service Organization Control 2, reports on various organizational controls related to security, availability, processing integrity, confidentiality or privacy.
What is SOC 2 Type 1 and Type 2?
SOC 2 Type 1 vs. SOC 2 Type 1 is different from Type 2 in that a Type 1 assesses the design of security processes at a specific point in time, while a Type 2 report (also commonly written as “Type ii”) assesses how effective those controls are over time by observing operations for six months.
Do I need a SOC 1 or SOC 2?
You may also need to comply with SOC 1 as part of a compliance requirement. If your company is publicly traded, for example, you will need to pursue SOC 1 as part of the Sarbanes-Oxley Act (SOX). SOC 2, on the other hand, is not required by any compliance framework, such as HIPAA or PCI-DSS.
What is SOC Type 1 and Type 2?
A SOC 1 report is for service organizations that impact or may impact their clients’ financial reporting. A SOC 2 report is for service organizations that hold, store or process information of their clients, but is not significant to financial reporting (e.g., would not affect their income statement or balance sheet).