What is the difference between SOC 1 and SOC 2?

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Accepted Answer

SOC 1 focuses on controls relevant to financial reporting, while SOC 2 focuses on controls relevant to security, availability, processing integrity, confidentiality, and privacy.

SOC 1 is specifically for service organizations that impact their clients' financial reporting, while SOC 2 is for service organizations that store customer data.
SOC 1 reports are focused on controls relevant to financial reporting, while SOC 2 reports cover controls related to security, availability, processing integrity, confidentiality, and privacy.
SOC 1 reports are typically used by auditors of the service organization's clients, while SOC 2 reports are more general and can be used by a wider range of stakeholders.
Examples of SOC 1 reports include controls over financial statement preparation, while examples of SOC 2 reports include controls over data security and privacy measures.

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What is the difference between SOC 1 and SOC 2?

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