What is an ISAE 3402 Type 2 report?

ISAE 3402 defines two kinds of reports: Type I: Documenting a “snapshot” of the organization’s controls. Type II: Documenting over a period of time (typically 12 months) showing controls have been managed over time.

Is ISAE 3402 the same as SOC 2?

Quick introduction to ISAE 3402 SOC 2 report ISAE 3402 is a third party (mainly suppliers) assurance mechanism in the form of SOC (Service Organisation Controls). SOC1 report – Relates to assurance on controls that could impact financial statements. SOC2 report – Relates to assurance on IT controls.

What is difference between SOX and SOC?

SOC reports refer to an audit of internal controls to ensure data security, minimal waste, and shareholder confidence; SOX relates to government-issued record keeping and financial information disclosure standards law.

What kind of report is ISAE 3402 SOC 2?

Quick introduction to ISAE 3402 SOC 2 report. ISAE 3402 is a third party (mainly suppliers) assurance mechanism in the form of SOC (Service Organisation Controls). There are three kinds of SOC reports: SOC1 report – Relates to assurance on controls that could impact financial statements. SOC2 report – Relates to assurance on IT controls.

What’s the difference between ISO 27001 and ISAE 3402?

A high level view of ISO 27001 could be similar to the image below – ISAE 3402 is a third party (mainly suppliers) assurance mechanism in the form of SOC (Service Organisation Controls). There are three kinds of SOC reports: SOC1 report – Relates to assurance on controls that could impact financial statements.

When to use ISAE 3000 in SOC 2?

Internationally for SOC 2 reporting the International Standard on Assurance Engagements (ISAE 3000) is used for reporting on the Trust Services criteria on security, privacy, availability, confidentially and processing integrity, and including the description on the services provided and the controls tested.

What is the international standard on Assurance Engagements 3402?

International Standard on Assurance Engagements 3402 ( ISAE 3402 ), titled Assurance Reports on Controls at a Service Organization, is an international assurance standard that describes Service Organization Control (SOC) engagements, which provides assurance to an organization’s customer that the service organization has adequate internal controls.