What is SOC 2 & Why is it important?
SOC 2 or Service Organization Controls 2 is a framework that is governed by the American Institute of Certified Public Accountants (AICPA). With a SOC 2 audit, an independent service auditor will review an organization’s policies, procedures, and evidence to determine if their controls are designed and operating effectively. A SOC 2 report communicates a company’s commitment to data security and protection of customer information.
Fairo’s journey to SOC 2 compliance
Compliance Partners
We partnered with Vanta, the leader in the Trust Management space, to help us automate the collection of our audit evidence. Vanta provides us with the strongest security foundation to protect our customer data.
Our audit firm, Advantage Partners, was extremely helpful in creating a seamless audit experience. With their guidance and support, we were able to achieve SOC 2 compliance in a swift, efficient manner.
Why we pursued SOC 2 now
SOC 2 compliance is an integral step in proving to customers, stakeholders, and interested parties that our organization values their trust and has effectively implemented security controls. At our company’s stage, we realized that it was an ideal time to pursue this as it is important to protect data and mitigate potential security risks early and on an ongoing basis.
