How To Read SOC 2 TYPE 2. Vendor Assessment. SOC Reports. WorkLifeCyber

#tprm #itaudit #vendormanagement #thirdparty
SOC 2 Type 2 is a type of audit report that evaluates an organization's compliance with the Trust Services Criteria (TSC) developed by the American Institute of Certified Public Accountants (AICPA). SOC stands for "System and Organization Controls," and it is a standard for assessing the controls that an organization has in place to ensure the security, availability, processing integrity, confidentiality, and privacy of its systems and data.
To read a SOC 2 Type 2 report, you should look for the following key sections:
Independent Service Auditor's Report: This section includes the auditor's opinion on the effectiveness of the organization's controls in meeting the TSC requirements. It also includes information about the scope of the audit and the methodology used.
Management's Assertion: This section includes the organization's assertion about the effectiveness of its controls in meeting the TSC requirements.
Description of the System: This section provides an overview of the organization's systems and the controls in place to ensure their security, availability, processing integrity, confidentiality, and privacy.
Results of the Audit: This section includes the auditor's findings on the effectiveness of the controls, including any weaknesses or deficiencies identified.
Other Information: This section may include additional information such as a summary of the TSC requirements, the auditor's qualifications and experience, and any limitations of the audit.
#workingmom
It's important to review the report carefully and to understand the organization's controls and any weaknesses or deficiencies identified. You may also want to compare the report to your own security and compliance requirements to ensure that the organization's controls meet your needs.

[@timothyadeniran405]

The first thing to look for is the date before who prepared it. You want to be sure that the date is relevant to your period of review. This is because if the date is passed the validity period there is no point wasting your time on who. Just my opinion.

[@worklifecyber]

Absolutely right!

[@germainkone9029]

Another good one. Thanks

[@owareemma]

Bless you 🎉

[@olayinkaoludare3738]

I have an interview coming up about reviewing soc2 audit reports, 3rd party questionnaires to asses based on risk wheter it would be high or low, and 3rd party risk assessment. Kindly mentor me. Please. I dont know your fee but i'll pay your fees. Ive been doing compliance for years so i can relate to reviwing audit findings. I mentioned this part for you to be sure that I wont stress you😂. Please.

[@yvonnenuamah5961]

Thanks so much

[@brianbayer4868]

let me listen to my sister, new subscribre alert

[@worklifecyber]

😊 thanks!!!

[@balijeanbirba3456]

Well explanation! Thanks!

[@titilopebakare]

Thank you so much for sharing your experiences and knowledge !!

[@ibnation]

Great talk. ❤

[@josephineuwagbai2690]

Good job 👏.

[@hetty5275]

This video very helpful, thank you

[@gayathrisrinivasan7227]

Really useful thanks

[@kwamekyei-yamoah2348]

Great Explanation

[@user-nh4bo2wp8o]

I love your videos! Very helpful.

[@worklifecyber]

Happy to help!

[@sethsowah1616]

Just started my training in IT Security, and today we’ll be studying SOC. For our purpose, we’re told we’ll focus on SOC 2 Type II.
Who are you, and how did you get here? Can you share, please?
You’re very experienced pleasant!

[@greatminds4592]

very helpful content thankyou!

[@deborahquaye-nu4kn]

Thanks Ms. Emelia for sharing❤

[@ayodele9348]

Thank you for the information you make it so relatable and easy to understand

[@worklifecyber]

Glad it was helpful!

[@Armistad22]

Hi, i am glad i came across your channel. You have a new subscriber here!
I have always struggled with summarizing a SOC 2 report, like an "overall review / comment". In your experience, how would you summarize the results of your SOC review to the business / vendor owner or stakeholders in general?
Looking forward to hearing your ideas or from other commenters. Thank you

[@lamamukhtar1720]

Thank you very much for the great examples and practical process explanation. I subscribed because of this :)

[@worklifecyber]

Thanks so much for your support!

[@imafidonesene8369]

Very informative, exactly what I've been looking for. Thank you very much.

[@worklifecyber]

Glad it was helpful!

[@justgrateful]

Thank you so much. Please make the video about everything you said at the please 🙏

[@worklifecyber]

Sure thing! Thanks

[@brahmanandm9809]

Hi I am from India, Thank you so much its great explanation it helped me more.
could you please help me on SOC 2 control testing?

[@worklifecyber]

Thank you. Sure I'll put something up soon

[@abenaawuah631]

Thanks very helpful. Can you do. Can you do a video on why we request it

[@worklifecyber]

Sure thing!

[@susieibiz6969]

Thank you so much for this! Very helpful! What about if the bridge letter is outdated? Is there a 3 month grace period also after it expires? Looking forward to your response.

[@AmmaLuv]

Great job! Would love to participate in an online class.

[@worklifecyber]

Maybe one day!

[@olalekanseun241]

Hi, I am Oluwaseun. I have TPRM interview coming up, I’d appreciate if you can be my tutor/mentor on TPRM.

[@worklifecyber]

Oh I didn't get to this comment quick enough. How did the interview go?

[@olalekanseun241]

It was a learning experience, do you offer practical classes or one-on-one practical TPRM work scenarios tutorials?

[@user-yy6od8qn6v]

Pls any contact?

[@worklifecyber]

[e-mail]

[@Volumes360]

Can i contact you on email? lease?

[@user-yy6od8qn6v]

Pls, can you share your email?

[@worklifecyber]

[e-mail]