Audit & Assurance for Modern Digital Organizations
SOC (Service Organization Control) reports are the leading framework for evaluating the security, availability, confidentiality, financial controls, and operational integrity of a service organization. Created by the AICPA, SOC reports provide independent verification that systems and processes protect data and operate with strong governance.
IPS supports organizations in achieving SOC 1, SOC 2, SOC 2+, Type I, and Type II attestation through expert guidance, readiness assessments, and control implementation. Whether you are preparing for your first audit or strengthening an established compliance program, IPS provides a clear and proven path to successful SOC certification.
SOC compliance validates that a service organization has designed and implemented the controls required to protect data, manage operations securely, and maintain reliable internal processes. Independent audit firms issue SOC reports, and these reports are essential for demonstrating trust and accountability to customers, partners, regulators, and auditors.
SOC 2 Type I and Type II
Focus on financial reporting controls
SOC 1 evaluates internal controls that can affect a customer's financial statements. It is commonly required for organizations that process financial transactions, billing, payroll, or accounting-related data.
SOC 1 Type I confirms the design of financial controls at a single point in time.
SOC 1 Type II evaluates how these controls operate over a period of time, typically three to twelve months. This demonstrates consistent and reliable execution of financial processes.
SOC 2 Type I and Type II
Focus on data security and trust service criteria
SOC 2 assesses controls related to the security, availability, confidentiality, privacy, and processing integrity of customer data. This is the most widely required audit for cloud services, SaaS companies, cybersecurity vendors, and managed service providers.
SOC 2 is based on five Trust Service Principles.
• Security
• Availability
• Processing Integrity
• Confidentiality
• Privacy
SOC 2 Type I evaluates whether controls are designed effectively at a point in time.
SOC 2 Type II evaluates the operating effectiveness of those controls across a defined period.
SOC 2 Plus (SOC 2+)
SOC 2+ extends the traditional SOC 2 report by including additional industry or regulatory frameworks such as NIST, HIPAA, ISO, CSA STAR, COBIT, or GDPR related controls. This enhanced version provides deeper assurance for organizations in regulated industries or with demanding security requirements.
IPS assists organizations in mapping these frameworks into their SOC 2 control environment and aligning with cross-industry standards.
Why SOC Compliance Matters
Achieving SOC attestation demonstrates that your organization:
• Protects sensitive customer and financial data
• Delivers reliable and resilient services
• Maintains a structured governance and security program
• Follows strong incident response and operational processes
• Meets procurement requirements for enterprise and government customers
• Builds trust with clients, partners, and auditors across highly regulated environments
SOC compliance is often a prerequisite for cloud adoption, enterprise contracts, and public sector engagement.
IPS Expertise in SOC Readiness
IPS provides end-to-end SOC advisory services including:
• SOC readiness assessments
• Control design and validation
• Policy and procedure development
• Risk assessments and control mapping
• Evidence preparation and audit documentation
• Continuous compliance support
• Guidance for SOC 1, SOC 2, and SOC 2+ attestation
IPS uses a proven methodology that simplifies the audit journey and strengthens your overall security and compliance posture.
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SOC Report
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Type
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Focus Area
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IPS Support
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SOC 1
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Type I and Type II
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Financial reporting controls
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Readiness, design, documentation
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SOC 2
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Type I and Type II
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Trust Services Criteria
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Advisory, implementation, audit preparation
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SOC 2 Plus
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Extended
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Additional frameworks such as NIST and HIPAA
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Mapping, enhancements, evidence support
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All SOC
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Combined
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Audit readiness and continuous compliance
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Ongoing program governance
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