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This question is about employer.
What is an SOC audit?
A SOC audit is the process of auditing the system and organization controls in place to limit the risk of using third-party service organizations.Several different types of SOC audits vary in specificity and range.
SOC 1 audits focus specificallyon an organization's internal controls over the reporting of financial data. This audit is designed to ensure that the financial data of a company's publicly traded clients is protected based on the controls put in place by the company. The results of this audit will show a specific level of data protection.
An SOC 2 audit responds to the abilities of a company to meet the security criteria necessary to protect third-party customer financial information. This report focuses less on statistical results and more on the process that a company is following to achieve customer data protection.
Both reports are vital for companies that are using third parties who engage in cloud storage. The two audits can be conducted separately from one another with both designed to bolster confidence in those vendors storing customer financial data.
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