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Selecting Your SOC 2 Type 2 Observation Period
by Bernard Gallagher on April 11, 2025 at 10:30 AM
Preparing for your first SOC 2 Type 2 audit—or planning your next—requires careful selection of a critical component: the observation period. This timeframe, also known as the monitoring period, audit period, or review window, defines when your organization's controls will be evaluate …
How Long Does a SOC 2 Audit Take to Complete?
by Bernard Gallagher on April 4, 2025 at 9:44 AM
At Compass, we frequently get asked, “How long does a SOC 2 audit take?” The answer depends on several factors—but having a clear understanding of the typical phases, timelines, and what influences the duration can help your organization prepare and plan accordingly.
7 Ways to Reduce Your PCI DSS Compliance Scope
by Kyle Daun on April 2, 2025 at 1:30 PM
For businesses handling payment card transactions, achieving and maintaining PCI DSS (Payment Card Industry Data Security Standard) compliance is essential. However, the journey to compliance can often be expensive and complex. One of the most effective ways to reduce both the financi …
Top Security Tools to Simplify Your SOC 2 Compliance Journey
by Bernard Gallagher on March 13, 2025 at 3:52 PM
Navigating the complexities of SOC 2 compliance can be a daunting task for businesses, especially when they need to establish secure, reliable, and repeatable processes. A comprehensive SOC 2 audit focuses on five key Trust Service Criteria: security, availability, processing integrit …
Why SOC 1 and SOC 2 Are Essential for Venture Capital (VC) Firms
by Jerry Hughes on February 24, 2025 at 1:50 PM
For venture capital (VC) firms, maintaining compliance and robust security across portfolio companies is essential to reducing risks and driving long-term value. SOC audits and tailored security assessments provide a structured approach to managing financial accuracy, regulatory deman …
Shifting from a SOC 2 Type 1 Audit to a Type 2 Audit
by Jerry Hughes on February 24, 2025 at 1:44 PM
For organizations striving to showcase their dedication to strong security, availability, processing integrity, confidentiality, and privacy, SOC 2 compliance serves as a vital benchmark. However, progressing from a SOC 2 Type 1 audit to a Type 2 audit requires careful strategic plann …