SOC 1 & SOC 2
SOC 1 & SOC 2 Compliance Services
Trust and assurance, delivered.
SOC reports provide independent validation of your internal controls, building confidence with clients, partners, and regulators. At Netlogic, we guide you through readiness assessments, control design, and evidence preparation for Type 1 (design effectiveness) or Type 2 (operational effectiveness) reports. Our tailored services ensure a robust, auditor-ready environment, minimising risks and supporting business growth.
SOC 1: Financial Reporting Controls
SOC 1 focuses on controls relevant to financial reporting, helping service organizations assure clients about the accuracy and security of financial data processing.
- Key Focus Areas: Internal controls over financial reporting (ICFR), including transaction processing, access controls, and risk management.
- Types: Type 1 evaluates design at a point in time; Type 2 tests operating effectiveness over a period (e.g., 6-12 months).
- Who Needs It: SaaS providers, data centers, or financial service firms impacting client audits.
- Netlogic’s Support: We perform gap analysis, map controls to SSAE 18 standards, and prepare detailed reports to streamline your certification.
SOC 2: Trust Services Criteria
SOC 2 addresses broader operational controls based on Trust Services Criteria (TSC), ideal for demonstrating security and privacy to stakeholders.
- Key Focus Areas: Security (mandatory), plus optional availability, processing integrity, confidentiality, and privacy.
- Types: Similar to SOC 1—Type 1 for design, Type 2 for ongoing effectiveness.
- Who Needs It: Tech companies, cloud providers, or any handling sensitive data seeking vendor trust.
- Netlogic’s Support: We align your systems to AICPA TSC, conduct readiness audits, and deliver evidence packages for efficient compliance.
Why choose Netlogic
NetLogic helps organisations prepare confidently for SOC audits through structured readiness assessments and clear control design guidance. We ensure you meet the trust requirements your clients expect.
- Experienced SOC consultants with audit background
- Complete readiness assessments and evidence preparation
- Control design aligned to SOC 1 or SOC 2 Trust Principles
- Practical remediation support
- Industry-aligned documentation and reporting guidance
FAQs
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What are SOC 1 and SOC 2 reports, and why do they matter?
SOC 1 validates financial reporting controls; SOC 2 covers trust criteria like security and privacy. They assure clients and regulators of your operational integrity, reducing risks and building trust. Essential for service providers in tech/finance. Netlogic guides readiness and audits.
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What is the difference between SOC 1 and SOC 2?
SOC 1 focuses on financial controls (ICFR) for user audits; SOC 2 evaluates broader trust services (security mandatory, others optional). SOC 1 suits financial services; SOC 2 for data-heavy ops. Netlogic helps map controls to your needs.
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How does Netlogic support SOC 1 and SOC 2 compliance?
We conduct gap assessments, design controls, and prepare evidence for Type 1/2 reports. Our experts align with AICPA/SSAE standards, ensuring auditor-ready documentation and ongoing maintenance for seamless certification.
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How long does SOC 1/SOC 2 compliance take with Netlogic?
Type 1: 4-8 weeks (design focus); Type 2: 6-12 months (operational testing). Starts with assessment (1-2 weeks), remediation (2-6 weeks), and reporting. We accelerate with tailored plans.
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What are the costs for Netlogic's SOC 1/SOC 2 services?
Cost is based on scope. Our services helps avoid audit failures and boosts client confidence. Custom quotes available.