SOC3 Overview
About This Resource

What is a SOC Report? There are actually three types of SOC reports; SOC 1, SOC 2, and SOC 3. The first of the SOC reports, SOC 1, provides a formal audit of a company’s self‐imposed controls for financial transactions.
The shortfall with SOC 1 is that the relevance of the audit solely depends on the controls formulated and included by the service provider and the credibility of the auditor. With the emergence of new technology services and cloud computing entities, the need was recognized to protect against the over‐application of SOC 1 by standardizing the adherence to the industry standard Trust Services Principles, Security, Availability, Processing Integrity, Confidentiality and Privacy.
In recent years SOC 2 Type 2 has become the industry best practice for ensuring security of highly sensitive cloud‐hosted data. SOC 2 significantly expands on SOC 1 but may not be cost-effective for smaller organizations who are unable to readily meet the demands of the five Trust Services Principles and an in‐depth audit of their security protocols.
You May Also Like...
Gain Valuable Workforce Insight with Labor Tracking & Costing
Labor tracking and job costing are essential workforce management tools that provide the data and insight to help you maximize your workforce.
How Contact Tracing Helps Get Employees Back To Work Safely
TCP offers software solutions that help with contact tracing and getting employees back to work safely.
The Ultimate Leave Management Guide
Is your organization doing what it can to track, manage and even encourage employees to take leave offered? Learn how leave leads to employee satisfaction.
Fact Sheet: PCGenesis Integration
Management can easily export employee hours directly to PCGenesis through user-friendly payroll reports.

See it in Action
See how you can empower your people with proven workforce management solutions.
Watch a Demo Video