The SOC 2 compliance report provides assurance to internal and external stakeholders of the organization, the specific controls implemented, and/or operating effectively. This is for complying with privacy regulatory requirements. A single SOC 2 report can provide information about the organization’s controls over PII data based on the AICPA’s Privacy Category of the Trust Services Criteria and, any specific privacy requirements.
SOC 2 can provide service organizations with the ability to increase transparency and communicate through a single deliverable to customers, business partners, and stakeholders both inside and outside the organization. Organizations should also demand a SOC 2 report from their business associates, CSPs, and other third parties or vendors. This is to understand and assure the controls implemented and the efficiency of the relevant controls covering Privacy.