An ISAE 3000 | SOC 2 report and an ISAE 3042 | SOC 1 type 2 report are similar in design. The biggest difference, however, lies in the scope (testing framework)
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.
The general and most common term for reporting on third-party risks by service organizations to user organizations is Systems and Organization Control Report or SOC-report. This term is originated by the American Institute of Certified Public Accountants (AICPA) as a replacement for the SAS70 framework.