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SOC Report Type 1 vs. Type 2 | SOC 1, 2, 3 Reporting Definitions

Many organizations confuse a TYPE 1 vs TYPE 2 report with the SOC 1 vs SOC 2 standards. 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, not financial reporting significant (e.g. would not affect their income statement or balance sheet)

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A new look for SAS 70 Compliance! Are you prepared?

What is SAS 70?

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