Cost of a SOC Report
The cost of a SOC is dependent on the scope of the audit, the size of your organization, complexity of the processing, and maturity of the controls, to name but a few factors. First time SOC audits are more time intensive and therefore typically cost more. Depending on the audit scope, a SOC 1 Type 2 can cost as little as $40,000 up to several $100 thousands for highly complex audits. You get what you pay for and a cookie-cut SOC can damage rather than enhance the service organizations' credibility.
To contact a TrustNet SOC expert click here