You’ve heard about SOC 2 reporting, and your company wants to obtain a SOC 2. You want a clear and shareable way to communicate to potential customers your commitment to strong security practices.
A SOC 2 report is a standardized and widely recognized way to assure your customers, prospects, and business partners that your services are secure, reliable, and trustworthy. Created by the American Institute of CPAs (AICPA), the SOC 2 audit and reporting process involves the assessment and documentation of your company’s verified security practices. To complete a SOC 2 audit, your company’s security measures must be reviewed and verified by a certified auditor. (For more background on SOC 2, check out Vanta's SOC 2 Guide.)
Only licensed CPA firms can perform a SOC 2 examination. Previously, to conduct a SOC 2 audit, your single option was to find a CPA firm and embark upon a multilayered audit review process with significant manual data collection requirements — which would, in turn, require substantial time from your team. SOC 2 reporting has typically involved many hours with an auditor on-site in advance of your audit; auditors would conduct in-depth interviews with staff, and work with your team to manually collect evidence regarding your security processes. Following this pre-audit work, companies would spend time implementing any recommended fixes to their security systems to prepare for the audit itself — which would include further interviews and additional evidence collection. This was followed by an auditor’s time to document the lengthy process, and, finally, to write the report.
Automating your SOC 2 with Vanta
Now, it is possible to integrate automation into your SOC 2 audit.
Vanta provides a suite of interconnected tools that move beyond — and improve on — the manual processes that used to make up the SOC 2 audit and reporting endeavor:
Vanta builds a list of rules tailored to your company, then connects to your company’s software, admin, and security systems to continuously monitor your systems and services. What was once a manual data collection process, conducted in observation of your security systems, is transformed into an ongoing, behind-the-scenes process of automated and continuous systems monitoring.
Once Vanta is set up with your systems, we can walk you through the process of identifying and closing any gaps in your security implementation — readying you for a smooth and successful SOC 2 audit.
Working with auditors
You’ll still need a trusted CPA to conduct your audit. Vanta partners with a number of AICPA-affiliated audit firms — such as Coalfire and the Cadence Group — to streamline your audit prep and ready your security systems for a smooth SOC 2 evaluation and reporting process.
Vanta can connect you with an auditor who is familiar with the software. Vanta’s audit firm partners are trained on how to use the Vanta software, and how to best leverage its resources to gather the evidence needed to conduct a smooth and effective audit. You’ll also save money with pre-negotiated audit pricing.
Then, Vanta will take your company’s systems, which it continuously monitors, and review them with an auditor — and you’ll come out on the other side with a complete SOC 2 report. Instead of having key members of your team spend days — or weeks — guiding an auditor through your systems and processes, your engineers simply connect with Vanta and an auditor for a couple of hours over a video chat. An auditor is then able to leverage the continuously monitored data collected within Vanta to complete your SOC 2 report — rather than drawing you and your team members into the extensive process of manual evidence collection and systems monitoring.
Saving time and money with automation
Working with Vanta and a trusted audit partner, your company can achieve a successful SOC 2 audit — demonstrating your company’s commitment to airtight security practices — more easily, in less time.
If your company is ready to engage in the valuable process of securing a SOC 2 report, and you’d like to save time on what you know could be a time-intensive manual process — consider working with Vanta and a trusted audit firm to deliver a streamlined and successful SOC 2 audit.