There are two different types of SOC 2 reports to choose from:

  • A SOC 2 Type 1
  • A SOC 2 Type 2

Both are valuable and serve a specific purpose, so you'll need to decide which report you need before starting the audit process.

To do that, you're probably asking yourself:

What's the difference between a SOC 2 Type 1 vs Type 2 report?

We answer that and more below.

What is SOC 2 Type 1?

SOC 2 Type 1 compliance evaluates an organization’s security controls at a single point in time. 

The goal is to determine whether the controls put in place are sufficient and designed correctly. Type 1 audits and reports can be completed in a matter of weeks.

What is SOC 2 Type 2?

A SOC 2 Type 2 report examines how well a company's controls perform over a period of time (typically 3-12 months). Do they function as intended? 

Type 2 audits can take 12 months to complete and are more expensive than Type 1 audits.

SOC 2 Type 1 vs SOC 2 Type 2: Which Should You Choose?

The key question is:

Which type of SOC 2 report is right for your business?

Most often, the decision boils down to timelines.

Say you need to demonstrate compliance ASAP because an important enterprise prospect requires it to close the deal. But your company is too young to have formal systems in place, or you’ve recently made major changes to your systems.

Instead of waiting for a Type 2 report, a Type 1 report that evaluates your controls as they stand today can act as a short-term solution.

If possible, we recommend going straight for the Type II report.

Many customers are rejecting Type 1 reports, and it's likely you'll need a Type 2 report at some point. By going straight for a Type 2, you can save time and money by doing a single audit.

If you need a SOC 2 report ASAP, a Type 2 report that covers a shorter 3-month review period can be an ideal solution.

The SOC 2 Audit Processnext

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