Skip to content

SOC 2 Readiness & Examination

SOC 2 is the most popular independent third-party security assessment report requested by prospects customers, partners, cyber insurance companies etc

What is SOC 2

SOC 2 Correct Terminology

Service Organization Control 2 (SOC 2) is a widely recognized auditing standard developed by the American Institute of Certified Public Accountants (AICPA). Organizations seeking to demonstrate their commitment to data security and operational excellence often pursue SOC 2 compliance to build trust with customers, partners, and regulators.

A SOC 2 Examination is designed to assess the controls and security practices of service organizations that store, process, or transmit sensitive customer data. A SOC 2 Report is often used by organizations that provide services to other businesses, such as data centers, technology companies, cloud providers, and SaaS companies. This report is critical in assuring clients and stakeholders that a service organization has adequate controls in place to protect sensitive information and ensure the reliability of their services.

Monitoring and assessment of SOC 2 compliance are typically conducted by independent third-party audit firms, known as CPA firms. These auditors evaluate the organization’s controls and practices against the Trust Services Criteria (TSC), which includes security, availability, processing integrity, confidentiality, and privacy.

Important Resources to learn about SOC 2 Compliance:

Trust Services Criteria by AICPA

During your SOC 2 Audit, your CPA will assess if you are complying with the Trust Services Criteria that you have selected. AICPA’s ‘Trust Services Criteria’ or the ‘SOC 2 Framework’ consists of security, availability, processing integrity, confidentiality and privacy of customer data. Read more


AICPA’s Trust Services Criteria

SOC 2 Readiness Process (Preparing for your SOC 2 Audit)

Prepare for your SOC 2 Audit with databrackets

Our SOC 2 Readiness consulting services are tailored to assist SaaS and Service organizations in navigating the complex terrain of SOC 2 audits. We understand the critical importance of compliance, and our comprehensive approach ensures that you are well-prepared every step of the way. Our expert consultants will work closely with you through out the SOC 2 Readiness process: 

1. Determine the Trust Services Criteria (TSC) relevant to your specific industry

2. Finalize the scope of your SOC 2 Audit

3. Identify the applicable controls under each TSC while providing guidance on accepted evidence documentation

4. Gap Analysis by our experts, based on the scope of your audit

5. Develop a Plan of Action as per the identified gaps

6. Guide your team as they work through the Remediation process

7. Re-Assessment of Your Controls and Evidence Documentation to ensure you are ready for your SOC 2 Audit. We will also continue to monitor your controls.

8. Share access to evidence documents with your Auditor to ensure you do not have to duplicate your efforts during your SOC 2 Audit

Deliverables for SOC 2 Readiness

The deliverables for our SOC 2 Readiness encompass a comprehensive suite of tools and documentation aimed at fortifying your security posture and ensuring compliance with stringent standards. Our deliverables include:

1. Gap Analysis Reportto offer a meticulous overview of current security protocols and identify areas that require enhancement
2. Pen Testing Reportsto provide an in-depth assessment of vulnerabilities
3. A collection of compliance and security assessment reports to ensure a comprehensive evaluation
4.Guidance on acceptable evidence documentswill be supplied to streamline the compliance process
5. Updated Policies and Procedures to address policy and procedural requirements
6. Security Tech Consulting will facilitate the implementation of any missing technical controls
7. Customized User Training< will empower staff with the knowledge needed to maintain security standards
8. Support for the completion of the Management Assertion for the SOC 2 Report
9.Final Readiness Reportthat outlines the organization’s preparedness for SOC 2 Type 2 certification


These deliverables collectively provide a robust foundation for your SOC 2 Examination and to prove you have a secure and compliant operational environment.

SOC 2 Examination Process

The SOC 2 Examination process is a comprehensive and structured assessment designed to evaluate an organization’s adherence to the Trust Services Criteria (TSC). Once the SOC 2 Report is issued, there are no recommendations to bridge the gaps. While the SOC 2 Report is the auditor’s opinion of how well an organization is complying with the chosen Trust Services Criteria, there are protocols about the kind of evidence documents and third-party independent pen testing reports that are accepted. Steps in the SOC 2 Examination Process include:

1. Confirming the Trust Services Criteria relevant to the organization’s operations, which sets the framework for the examination
2. Finalizing the Scope of the SOC 2 Examination and the SOC 2 Audit Period 
3. The Applicable Controls under each TSC are Identified by the CPA to ensure that all relevant aspects of the criteria are addressed
4. Performing the SOC 2 Audit 

 i) Selecting samples where applicable
ii) Examination, Testing and Verification of Controls
The SOC 2 audit then proceeds with a meticulous approach. This includes selecting samples, where applicable, to assess the effectiveness of controls. The CPA then conducts a thorough examination, testing, and verification of these controls, scrutinizing processes, systems, and documentation to ensure compliance
5. Comprehensive test results are documented, including any deviations or issues identified during the examination process.
6. Description criteria : To provide context for the assessment, a detailed description of the organization’s systems and controls is built, outlining their design and implementation. 
7. Management Assertion from the client: The examination process also involves obtaining a Management Assertion from the client, where management attests to the accuracy and completeness of the controls and processes being examined.
8. Issue SOC 2 Report with annual validity: Finally, upon successful completion of the examination, a SOC 2 report is issued with an annual validity. This report summarizes the findings, confirms compliance with the Trust Services Criteria, and provides valuable information to stakeholders, helping them make informed decisions about the organization’s security and privacy controls.

Deliverables for SOC 2 Examination

During a SOC 2 Type 2 Examination conducted by an Authorized CPA, two critical deliverables play a pivotal role in assuring your potential customers and current stakeholders about the level of transparency, trust, and compliance. 

1. The Engagement Letter serves as the foundational document that outlines the scope, objectives, and terms of the examination. It delineates the responsibilities of both the service organization and the CPA firm, setting the stage for a comprehensive evaluation. 

2. The Final SOC 2 Report is the culmination of the examination process, presenting a detailed account of the organization’s controls and their effectiveness over a specific time period (The SOC 2 Audit Period). This comprehensive report not only provides valuable insights for stakeholders but also serves as a critical tool in demonstrating the service organization’s commitment to security and compliance, enhancing its reputation and competitiveness in the market.

Cost of SOC 2 Readiness and Examination

Cost effective SOC 2 Solutions by databrackets The cost of a SOC 2 Examination is usually the reason that organizations delay undergoing the assessment. However, the benefits far outweigh the cost when you connect with a team that understands your priorities and is able to deliver cost-effective solutions.


In our- experience, what tends to increase the cost is not having the correct information, infrastructure and guidance to clear your SOC 2 Audit. In several cases, an in-house team maybe well-versed with technology but not with several other factors that impact your SOC 2 Examination. Working with a partner to prepare for your SOC 2 Audit is one way to ensure you are ready for your SOC 2 Examination and can go through it seamlessly.

Our team of certified experts has worked with several SaaS and Service organizations and can share a cost estimate once you request a consultation. Depending on the size of the organization and scope of work, your total cost (excluding additional security tech investments which may be required) could be USD 25,000. Since a SOC 2 Report is valid for 12 months, you need to undergo a SOC 2 Examination at fixed intervals. Re-examination costs would be 10-20% lower than the initial cost if there are no major changes to your environment and the scope of the evaluation. Contact us for additional information.

Explore Blogs, Webinars and other Resources

Trusted by Reputed Companies

pVerify, Inc.
Electronic Data Solutions
Bernard Robinson & Company
Avance Care
Mr.Internet Systems
Vision Radiology
Tangible Solutions
Tangible Solutions
Med First Primary and Urgent Care
Arizona State Radiology
Dose Spot Company Logo
Forsyte I.T. Solutions
Tego Data

Accreditations and Associations

* Disclaimer: This list of accreditations is held by our team of employees and consultants.

What Our Clients Say

We used databrackets (formerly EHR 2.0) in our small medical practice for our risk analysis assessment to be in compliance with meaningful use. Their response was fast, the final report is detailed but simple and easy to follow. They were always available to answer our questions.
E. Compres
Pulmonary and Sleep Center of the Valley
I never miss the opportunity to learn something new …that’s why I am always registering to all free seminars offered on the web. databrackets (formerly EHR 2.0) happened to be the friendliest, comprehensive and up-to- date source of HIPAA Privacy and Security updates.
Alexandra V.
Community Healthcare Network
Today’s presentation was great! Thank you for sending the slides. My only feedback is that it would be fabulous to have the slides ahead of time so I could print them and take notes on the slides.Thanks for your time and knowledge today!
T.B., PM
Community Health Network
Particularly interesting was the flow chart on Administrative Simplification. I utilize all of the Security subcategories you list under the Security tile and appreciate knowing that I am hitting all of the relevant topics during my employee training.
Jessica B.
I have re-worked our original risk assessment….We are using databrackets' (formerly EHR 2.0) Meaningful Use Security Risk Analysis Toolkit and it meets our needs. It was easy to use and I believe that it very beneficial to our meeting meaningful use.
Bill Curtis
Neurosurgical Associates Of Texarkana, TX
Information (webinars) presented by databrackets (formerly EHR 2.0) highlights some of today’s most demanding healthcare topics. The webinars help to direct those operating in today’s rapidly changing environment in the right direction.
Candace M.
Privacy and Security Officer, Springhill Medical Center

Our Growing List of Credentials

0 +
0 +
0 +
Assessment Libraries
0 +
Years of Experience
0 +
External audits handled