SOC 2 Type II reports assess the efficacy of an entity’s security and other applicable criteria since the last SOC 2 audit. Most SOC 2 reports are renewed annually. However, it is up to the company to decide to go under audit earlier if there is a necessity.
You will need a Type II attestation if:
- You have mature information security programs, systems, and processes, and can prove that you’re consistently adhering to controls over a long period
- You have other compliance frameworks in the mature state that can contribute to your SOC 2 controls
- You are planning a major funding round or exit
- You’re pursuing enterprise-level deals
In Type I, your controls are verified only once. In contrast, the SOC 2 Type II audit process involves a typical three-to-six month (though it can range up to 12 months) observation period, during which a third-party auditor verifies the effectiveness of your continued adherence to controls throughout the observation period.
