SOC 2 Compliance Management: Get Audit-Ready. Stay Audit-Ready.

SOC 2 compliance is an attestation, issued by an independent CPA firm, that a business has designed and operated controls meeting the American Institute of CPAs (AICPA) Trust Services Criteria for Security, Availability, Processing Integrity, Confidentiality, and Privacy. Every SOC 2 report covers Security. The other four criteria are added based on the business’s services. SOC 2 is required or expected by most enterprise procurement teams before signing with a vendor that handles their data. VirtuWorks SOC 2 compliance management builds and maintains the controls, collects the evidence, and coordinates with your CPA on audit day. We do not perform the audit itself — that separation of duties is what makes the attestation credible.

SOC 2 Type 1 attests that a business has designed and implemented the required controls as of a specific point in time. SOC 2 Type 2 attests that those controls operated effectively over a defined observation period, typically 3 to 12 months. Type 1 is faster to achieve, usually 6 months from kickoff, and gets most enterprise customers unblocked. Type 2 is more rigorous and usually required by larger enterprise buyers and regulated industries. Most firms sequence them: Type 1 first for immediate sales enablement, then Type 2 within 12 to 18 months for the harder deals. VirtuWorks SOC 2 compliance management runs continuously so the Type 2 evidence collection happens automatically in the background.

Most businesses can reach SOC 2 Type 1 readiness in 6 months and complete the Type 1 audit in an additional 4 to 8 weeks, for a total of 7 to 8 months from kickoff to attestation letter. SOC 2 Type 2 requires an additional observation period (3 to 12 months of continuous operation), which typically puts the Type 2 attestation at 12 to 18 months from kickoff. Timelines depend on the current state of your controls, the number of Trust Services Criteria you attest to, and how quickly your team can complete the tasks assigned to them. VirtuWorks SOC 2 compliance management accelerates the timeline by owning the control implementation, policy documentation, evidence collection, and auditor coordination end to end.

SOC 2 compliance costs break into two buckets: the management side (control implementation, evidence collection, policy work, employee training) and the audit side (the independent CPA who issues the attestation letter). Standalone SOC 2 compliance management services from boutique firms typically cost $25,000 to $80,000 per year, depending on scope. Independent CPA audits typically cost $15,000 to $40,000 for a Type 1 and $25,000 to $60,000 for a Type 2. VirtuWorks SOC 2 compliance management is included at no additional cost inside the Compliance and Ai Readiness Add-On and available as a standalone retainer. The CPA audit fee is separate and paid directly to your chosen auditor. Total 3-year cost of ownership with VirtuWorks typically lands 40 to 60 percent below a standalone compliance-management vendor plus independent CPA.