SOC 2 Type 1 Report
SOC 2 Type 1 report is an authenticated report that validates a company’s security rules or controls at a specific date and time. This Type 1 report is used to define the controls a company follows but does not evaluate or describe the effectiveness of those controls.
The SOC 2 Type 1 report represents an auditor’s review and subsequent approval of a company’s systems or security controls and is issued on a specific date for a period of time.
However, there are two types of SOC 2 reports:
- SOC 2 Type 1 describes a vendor’s systems and decides whether their design is suitable to meet the relevant trust principles laid out as of a specified date.
- SOC 2 Type 2 report includes the details of the operational effectiveness of those same systems over a specified period.
A Type I report is obtained faster than a Type II report which is more detailed and trusted by potential partners and vendors. They both generally prefer—and sometimes even demand—a SOC 2 Type II report.