Sherlocked Security – SOC 2 Type I & II Audit
Ensuring Compliance with Trust Services Criteria and Assessing the Effectiveness of Controls Over Time
1. Statement of Work (SOW)
Service Name: SOC 2 Type I & II Audit
Client Type: SaaS Providers, Cloud-Based Services, Fintech, Healthcare, and Any Organization Handling Sensitive Data
Service Model: SOC 2 Readiness & Audit (Type I & II)
Compliance Coverage: SOC 2 – Trust Services Criteria (Security, Availability, Processing Integrity, Confidentiality, Privacy)
Assessment Types:
- Type I (Design & Implementation Review)
- Type II (Operational Effectiveness Review)
- Gap Analysis & Readiness Assessment
- Control Design & Policy Review
- Continuous Monitoring & Post-Audit Support
2. Our Approach
[Gap Analysis & Readiness] → [Control Mapping & Documentation] → [Testing & Assessment] → [SOC 2 Type I Audit] → [SOC 2 Type II Audit] → [Post-Audit Support & Continuous Monitoring]
3. Methodology
[Initial Readiness Assessment] → [Mapping Controls to Trust Services Criteria] → [Design Review (Type I)] → [Testing Control Effectiveness (Type II)] → [Audit Report Generation] → [Post-Audit Remediation & Continuous Monitoring]
4. Deliverables to the Client
- SOC 2 Type I & II Readiness Assessment Report
- SOC 2 Type I Audit Report (Control Design & Implementation Review)
- SOC 2 Type II Audit Report (Control Effectiveness Review)
- Detailed Gap Analysis & Remediation Plan
- Control Mapping to Trust Services Criteria (Security, Availability, Processing Integrity, Confidentiality, Privacy)
- Evidence of Remediation and Corrective Actions (Post-Audit)
- Continuous Monitoring Plan (for ongoing compliance)
5. What We Need from You (Client Requirements)
- Access to policies, procedures, and documentation for existing controls
- Information regarding current IT infrastructure, cloud services, and data handling processes
- Access to relevant team members for interviews and evidence gathering
- Access to third-party vendor contracts (if applicable)
- Documentation and evidence for control testing (for Type II)
- Timeline and objectives for SOC 2 certification (for Type I & II)
6. Tools & Technology Stack
- Audit Management Tools: AuditBoard, TeamMate+, GoAudit
- Control Mapping & Gap Analysis: OneTrust, Confluence
- Risk Assessment Tools: Fair, RiskWatch
- Continuous Monitoring Tools: Splunk, Datadog, Sumo Logic
- SIEM (Security Information and Event Management): Splunk, LogRhythm, SolarWinds
- File Integrity Monitoring: Tripwire, Varonis
- Access Control Management: Okta, SailPoint
7. Engagement Lifecycle
1. Kickoff & Scope Definition → 2. Readiness & Gap Analysis → 3. Control Design Mapping → 4. SOC 2 Type I Audit (Design Review) → 5. SOC 2 Type II Audit (Operational Effectiveness Review) → 6. Post-Audit Remediation → 7. Continuous Monitoring & Support
8. Why Sherlocked Security?
| Feature | Sherlocked Advantage |
|---|---|
| Expertise in SOC 2 Compliance | In-depth understanding of SOC 2 Trust Services Criteria and frameworks. |
| Detailed Gap Analysis & Remediation | Comprehensive gap analysis, helping organizations prepare thoroughly for audits. |
| Thorough Control Testing & Documentation | In-depth review of controls, testing for both design (Type I) and effectiveness (Type II). |
| Ongoing Post-Audit Support | Continuous monitoring and remediation support to maintain SOC 2 compliance long-term. |
| Real-World Case Studies | Proven track record of assisting organizations in successfully passing SOC 2 audits. |
9. Real-World Case Studies
SaaS Provider Achieves SOC 2 Type I and II Certification
Issue: A SaaS company struggled to align their existing security controls with SOC 2’s Trust Services Criteria.
Impact: They faced challenges in achieving Type I & II certification due to misaligned processes and incomplete documentation.
Solution: Sherlocked Security helped conduct a comprehensive gap analysis, implemented remediation strategies, and mapped controls to the criteria. We then supported them through the Type I and Type II audits.
Outcome: The client achieved both SOC 2 Type I & II certification within 6 months, demonstrating effective control implementation and operational performance.
Healthcare Provider Failed Initial SOC 2 Audit
Issue: A healthcare provider failed their initial SOC 2 audit due to insufficient controls related to patient data privacy and security.
Impact: The provider had to address security gaps and strengthen their privacy protocols before reattempting certification.
Solution: Sherlocked Security helped them revise privacy controls, implement more robust data protection measures, and conduct pre-audit readiness sessions.
Outcome: After addressing gaps, the healthcare provider passed the audit, achieving SOC 2 Type I and II compliance within 3 months.
10. SOP – Standard Operating Procedure
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Initial Kickoff & Scope Definition
- Define the scope of SOC 2 audits and identify relevant services and systems.
- Set timelines and milestones for the audit process.
- Confirm key stakeholders and their roles in the audit.
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Readiness Assessment & Gap Analysis
- Review current security policies, processes, and controls.
- Conduct a detailed gap analysis against the SOC 2 Trust Services Criteria.
- Develop a remediation plan to address identified gaps.
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Control Mapping & Documentation
- Map all existing controls to SOC 2 Trust Services Criteria: Security, Availability, Processing Integrity, Confidentiality, Privacy.
- Document the design and operational effectiveness of controls.
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SOC 2 Type I Audit (Control Design Review)
- Conduct a detailed review of the control design to ensure they are adequate and aligned with SOC 2 requirements.
- Test controls for proper implementation based on the client’s documentation.
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SOC 2 Type II Audit (Control Effectiveness Review)
- Conduct detailed testing of the operational effectiveness of the controls over a specified period (typically 3-12 months).
- Ensure controls are consistently applied and operating effectively.
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Post-Audit Remediation & Corrective Actions
- Identify any gaps or areas of non-compliance from the audit reports.
- Implement corrective actions to address deficiencies or improve existing controls.
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Continuous Monitoring & Support
- Implement continuous monitoring tools to track the ongoing effectiveness of security controls.
- Provide regular post-audit support to ensure continued SOC 2 compliance.
11. SOC 2 Type I & II Audit Checklist
1. Scope Definition
- Define the boundaries and services covered by the SOC 2 audit.
- Identify systems, applications, and data relevant to the audit scope.
- Identify key personnel and stakeholders involved in the audit process.
2. Gap Analysis & Readiness
- Perform a detailed gap analysis against the Trust Services Criteria (Security, Availability, Processing Integrity, Confidentiality, Privacy).
- Identify areas where the client’s controls are insufficient or missing.
- Develop a remediation plan to address identified gaps.
3. Control Design Review (Type I)
- Review and assess the design of security, availability, and privacy controls.
- Ensure controls are appropriate for the risk environment and meet SOC 2 requirements.
- Document the control design and intended operation.
4. Control Effectiveness Review (Type II)
- Test the operational effectiveness of the controls over a defined period (typically 3-12 months).
- Ensure that controls are consistently applied and operating effectively.
- Test evidence such as logs, reports, and user access records.
5. Documentation & Evidence Collection
- Collect evidence for control design and effectiveness, including access logs, security monitoring records, and system configurations.
- Ensure all policies, procedures, and control documentation are up to date and accessible for auditors.
6. Audit Reporting
- Generate the SOC 2 Type I & II audit reports, including findings, recommendations, and evidence of compliance.
- Highlight any areas of non-compliance and provide a roadmap for remediation.
7. Remediation & Corrective Actions
- Implement remediation actions to address non-compliant controls.
- Conduct follow-up assessments to ensure that corrective actions are effective.
- Update security policies and controls to align with SOC 2 requirements.
8. Continuous Monitoring & Improvement
- Implement monitoring tools to track the ongoing effectiveness of controls.
- Regularly assess and update controls to ensure continued compliance with SOC 2 standards.