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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.
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 …
SOC 2 for Healthcare: A Compliment to HIPAA Compliance
by Bernard Gallagher on March 8, 2025 at 1:00 PM
In today’s digital healthcare landscape, protecting sensitive patient data is a top priority. Healthcare providers are tasked with safeguarding information in compliance with rigorous regulations such as the Health Insurance Portability and Accountability Act (HIPAA). However, achievi …
FinTech Security: How SOC 2 Drives Investor & Client Trust
by Bernard Gallagher on February 28, 2025 at 2:45 PM
In the world of financial technology (FinTech), trust is a currency as valuable as money. As startups and established firms alike strive to innovate, they must also prioritize protecting sensitive financial data. For FinTech companies, achieving SOC 2 attestation is more than a compli …
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 …