Your security and compliance glossary

All the terms you need to know when you’re trying to get compliance audit ready, fast.

Show filters

What is a SOC 2 Type I report?

A SOC 2 Type I report attests to a company’s security rules (“controls”) at a specific point in time. The Type I report describes the controls a company follows but does not judge the effectiveness of those controls. 


A SOC 2 Type I report is issued as of a specific date and represents an auditor’s review and approval of a company’s systems at that moment in time. For example, a Type I report is like an auditor saying, “I checked the company’s security controls on September 30, and everything looked good.”


There are two types of SOC 2 reports:

  • Type I describes a vendor’s systems and whether their design is suitable to meet relevant trust principles as of a specified date.
  • Type II details the operational effectiveness of those systems throughout a specified period.


Obtaining a Type I report is faster, while a Type II report is more detailed and trusted. Customers and prospects generally prefer—and sometimes even require—a SOC 2 Type II report.

Additional resources you might like:

Comparisons and reviews
Blog
The best TPRM software for 2026

Discover the best third-party risk management software solutions for 2026.

Compliance
Events
Getting Ready for APRA CPS 230/234 Compliance

Join our Q&A-led session that will highlight the most common CPS 234 readiness questions, and explore how CPS 230 builds on these foundations.

Comparisons and reviews
Blog
The best SOC 2 compliance software for 2026

Here are the best SOC 2 compliance software platforms, including Vanta and others.

Additional resources you might like:

Comparisons and reviews
Blog
The best TPRM software for 2026

Discover the best third-party risk management software solutions for 2026.

Compliance
Events
Getting Ready for APRA CPS 230/234 Compliance

Join our Q&A-led session that will highlight the most common CPS 234 readiness questions, and explore how CPS 230 builds on these foundations.

Comparisons and reviews
Blog
The best SOC 2 compliance software for 2026

Here are the best SOC 2 compliance software platforms, including Vanta and others.

Comparisons and reviews
Blog
The best ISO 27001 compliance software for 2026

Discover the best ISO 27001 compliance software options for 2026, including Vanta.

Compliance
Blog
What is vendor compliance, and why does it matter?

Learn about vendor compliance and its key regulations and requirements across industries.

Compliance
Blog
CRI Cyber Profile: A complete guide for financial institutions

Get in-depth insights into the CRI Cyber Profile and what it means for financial institutions.

Compliance
Blog
How to choose the right AI standard: A 7-point guide

Discover the seven essential questions that help you choose an AI standard for your organization.

Compliance
Blog
Government contracting compliance 101: Everything you should know

Understand the regulations and standards government contractors must meet—and the challenges involved.

Compliance
Events
Beyond Compliance: Building a Scalable Trust Program with Vanta

Join us to see how high-growth companies use Vanta to build trust, stay audit-ready, and scale with confidence.