What is SOC 1?
A Service Organization Control 1 or SOC 1 report is documentation of the internal controls that are likely to be relevant to an audit of a customer's financial statements.
There are two types of reports for these engagements:
- Type 1 – report on the fairness of the presentation of 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 specified date.
- Type 2 - report on the fairness of the presentation of management’s description of the service organization’s system and the suitability of the design and operating effectiveness of the controls to achieve the related control objectives included in the description throughout a specified period.
Use of these reports is restricted to, your company, your customers, and your auditors. If you’d like a report you can share publicly, you may want a SOC 3.
Join Vanta’s 45-minute live demo to see how our platform automates up to 90% of the work for achieving ISO 27001 and SOC 2 compliance, helping you streamline security and move towards continuous compliance.
Watch a fireside chat with Christina Cacioppo, CEO and Co-founder of Vanta, and Eric Ries, author of The Lean Startup, as they share insights on navigating the modern startup journey. Discover how founders today can adapt to AI-driven innovation and utilize startup principles to find success in today’s dynamic landscape.
Join Vanta’s 45-minute live demo to see how our platform automates up to 90% of the work for achieving ISO 27001 and SOC 2 compliance, helping you streamline security and move towards continuous compliance.
Watch a fireside chat with Christina Cacioppo, CEO and Co-founder of Vanta, and Eric Ries, author of The Lean Startup, as they share insights on navigating the modern startup journey. Discover how founders today can adapt to AI-driven innovation and utilize startup principles to find success in today’s dynamic landscape.
Join Vanta’s live product demo to discover how automation, continuous monitoring, and centralized workflows can streamline your GRC program, enhance control visibility, and improve vendor and buyer security management—all within a single platform.
Watch our webinar where leading cybersecurity experts Ciaran Martin and Victoria Baines will discuss findings from Vanta’s second annual State of Trust Report. Understand the risks facing UK organisations, why good security means good business and how to minimise manual security work through AI and automation.
Watch our webinar with Danny Sheridan, Co-founder and CEO at Fern (YC W23), and Brian Kuan, Product Marketing Manager at Vanta (YC W18), for a deep dive into why startups should prioritize compliance early in their journey, and how Vanta can help you become SOC 2-ready in as little as four weeks—giving time back for you to focus on building a company.
.svg)
.svg)
