Systems and Controls – SOC reporting is all about controls. An ISAE 3402 | SOC 1 reporting for financial outsourcing, such as asset management, SaaS-providers (financial software), datacenters (storage of financial data). ISAE 3000 | SOC 2 reporting is focused at a broader IT scope, for user organizations with additional requirements on security, availability, processing integrity, confidentiality and privacy.
ISAE 3000| SOC2
Organizations have been dealing with how they can exploit their competitive advantage since the industrial Revolution to increase markets and their profits in these markets. The most important model in the 19th and 20th century was the large integrated organization.
Organizations occasionally receive questions on security standards from (prospective) clients; what are the differences between an ISAE 3402 | SOC 1, ISAE 3000 | SOC 2 and an ISO 27001 audit? Which standard is more applicable to our company, ISAE or ISO 27001?
ISAE 3402 | SOC1
The ISAE 3402 standard, is an internationally recognized auditing standard issued by the International Auditing and Assurance Standards Board (IAASB). A service organization's auditor's examination is widely accepted because it represents an in-depth audit of a service organization's control objectives and activities.