SOC Report Cost
Sample Pricing
SOC Gap Assessment
- Scope includes:
- Scoping
- Project Management
- Risk Assessment
- Controls Identification
- Testing and Analysis
- Remediation Roadmap
- Reporting
SOC Remediation
- Scope includes:
- Remediation Planning
- Prioritizing
- Policy and Procedures
- Project Management
- Expert Advice
SOC 1 / SOC 2 Type 1 Audit
- Scope includes:
- Scoping
- Project Management
- Testing and Analysis
- Reporting
SOC 1 / SOC 2 Type 2 Audit
- Scope includes:
- Scoping
- Project Management
- Testing and Analysis
- Reporting
What does a SOC Report cost?
One of the most frequently asked questions from small local businesses to large global enterprises is what does a SOC Report cost?
There are three primary cost components to the SOC Report:
SOC Gap Assessments
Initial assessment to determine the scope and identify gaps
SOC Remediation
Cost of technology, procedures, and resources to become compliant and close the gaps found in the Gap Assessment
SOC Audit and Report
Recurring annual cost to audit the controls and provide the SOC report
The cost of a SOC report is dependent on the scope of the audit, the size of your organization, complexity of the processing, and maturity of the controls. The overall cost of a SOC Report is also influenced scope of the SOC testing environment, number of in-scope Trust Services Principles, size of the organization, number of locations and data centers, and the type of SOC report, either a Type 1 or Type 2. Experienced assessors such as TrustNet provide a cost effective approach to meeting the SOC Report requirements without comprising information integrity. The cost for a typical SOC Type 1 starts at $20,000, and SOC Type 2 starts at $30,000. Managing the cost of a SOC Report is of course very important – and a sound approach, with experienced assessors will provide long-term value to the organization. For over a decade TrustNet has provided cost effective SOC report services to multiple organizations, across industries and around the world.
