Frameworks Explained

SOC 3

SOC 3 is a general-use, public summary of a SOC 2 engagement over the Trust Services Criteria. It delivers a high-level assurance statement without detailed controls/testing, making it suitable for websites and marketing. It’s typically issued alongside or after SOC 2 Type II.

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What is SOC 3’s target audience & industries?

Prospects, customers, and partners who need a public attestation summary; common for SaaS and cloud services.

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Does it apply to my organization?

You likely need a SOC 3 audit if you:

  • You sell SaaS/managed services/cloud and want an easy-to-share proof of security controls without exposing detailed test procedures (that’s SOC 2).

  • You already completed (or plan to complete) a SOC 2—ideally Type II. SOC 3 is typically issued from the same scope/period.

  • Your marketing, partnerships, or procurement teams want a trust signal that accelerates early-stage conversations.

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What are the benefits of conducting a SOC 3 Audit?

  • Shareable public report (no NDA)

  • Reinforces trust early in the sales cycle

  • Complements SOC 2 by reducing disclosure risk

What are the core SOC 3 requirements?

  • Underlying SOC 2 basis: Completed SOC 2 (typically Type II) over defined TSC and scope.

  • Auditor’s public opinion: High-level assertion of controls suitability/effectiveness without detailed tests/results.

  • Consistent scope/period: SOC 3 must align to the same systems, TSC, and audit period as SOC 2.

  • Public release readiness: Sanitized system overview suitable for general use; versioning and date clarity.

  • Annual refresh: Reissue after each SOC 2 cycle; retire outdated reports.

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What are the general guidelines for executing a SOC 3 report ?

  • Complete SOC 2 Type II for the same scope/period as the basis.

  • Request SOC 3 from your auditor, ensuring TSC scope matches the SOC 2.

  • Review language: Confirm the public summary contains no sensitive details.

  • Publish responsibly: Host latest SOC 3 on your site; version and date clearly.

  • Align marketing: Use accurate badges/claims; link to SOC 3 and provide a path to request SOC 2 under NDA.

  • Renew cadence: Update after each SOC 2 cycle; remove expired reports.

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What are estimated timelines to complete a SOC 3 audit?

  • Startup: 1–2 weeks once SOC 2 Type II is done

  • Small to Large Companies: Incremental to SOC 2 (usually Type II): 2–4 weeks to produce the public report

What are the typical costs?

Costs vary by size, scope, and readiness by organizations: (T1 / T2)

  • Startups: 1 - 25 employees, single product, 1 prod environment, 1 region, few to no vendors - (incremental): $2k–$8k

  • All other companies: Incremental: $5k–$15k once SOC 2 is complete.

    SOC 3 is a general-use summary; most work happens in the SOC 2.

    (Ranges include typical readiness + audit/assessment (and operating period where applicable). Costs are USD and combine internal enablement/consulting + external auditor/assessor/cert body where relevant).

Where to Learn More

CPA Journal: SOC Reports Overview — https://www.cpajournal.com
ISACA Journal: SOC Reports Myths & Basics — https://www.isaca.org/resources
PwC: SOC 1 vs SOC 2 vs SOC 3 Comparison — https://viewpoint.pwc.com (search “SOC 1 SOC 2 SOC 3 comparison”)

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