SOC 1/2/3
Service Organization Control Reports
SOC reports are required by enterprise clients and investors to demonstrate security controls. Praxis-Q delivers SOC 1, SOC 2 Type I & II, and SOC 3 examinations for cloud and SaaS companies. The examination itself is performed and signed by the licensed US CPA firm we partner with, because under AICPA rules only a licensed CPA firm may sign a SOC report.
At a Glance
Types
SOC 1, 2, 3
Type II obs.
6-12 months
Trust criteria
5 criteria
Report signed by
Licensed US CPA firm
SOC
SOC 1/2/3
Service Organization Control Reports
The Problem
Enterprise SaaS buyers will not sign without a SOC 2 report. No report means blocked deals, stalled procurement, and lost revenue to compliant competitors.
What We Do
- Scoping
- Readiness
- Controls
- Evidence
- Report
What You Get
- One team for readiness, evidence and audit management
- Report signed by a licensed US CPA firm, as AICPA rules require
- Required by enterprise SaaS buyers
- SOC 2 Type I and Type II reports
- All 5 trust service criteria covered
- SOC 1 SSAE 18 for financial reporting
- SOC 3 public seal for marketing
- Investor due diligence support
Why weeks, not months
AI-assisted evidence review, one client portal
Every SOC engagement runs on the Praxis-Q compliance platform. You upload evidence per control, AI scores it against the requirement, and your auditor reviews in the same workflow — from scoping through to the issued, publicly verifiable certificate.
AI evidence scoring
Every upload is scored against the control before an auditor sees it — gaps surface in minutes, not at the review meeting.
One client portal
Scoping, evidence, auditor queries and status live in one place. No email chains, no spreadsheet trackers.
Auditor sign-off
Praxis-Q auditors review inside the same workflow, so review rounds shrink and the certificate issues sooner.
Why SOC 2 Matters for Cloud & SaaS
Enterprise buyers, cloud platforms, and investors demand SOC 2 reports as proof of security maturity. Without one, your sales pipeline freezes and compliance questionnaires multiply. SOC 2 Type II—covering 6-12 months of control operation—is the gold standard that unlocks contracts. Praxis-Q's global delivery model, rooted in India's compliance expertise, ensures fast-track audits without cutting corners. We handle all five Trust Service Criteria, from Security and Availability to Privacy and Confidentiality, so you can confidently close enterprise deals.
SOC 2 Type I vs Type II: Which Do You Need?
Type I is a point-in-time design assessment, ideal for early-stage validation. Type II demands 6-12 months of evidence that controls operate effectively in production. Enterprise buyers almost always require Type II. Praxis-Q's phased approach—scoping, readiness, controls design, evidence collection, and the CPA examination itself—compresses timelines without sacrificing rigor, because the examination is not queued behind a third-party firm's calendar. Our 15-20 business day fast-track model means you're audit-ready sooner, accelerating revenue recognition and investor confidence.
All Five Trust Service Criteria Covered
SOC 2 audits assess Security (access controls, encryption, threat prevention), Availability (uptime, disaster recovery), Processing Integrity (accuracy, completeness of transactions), Confidentiality (data segregation, classification), and Privacy (personal data handling). Praxis-Q maps your architecture and processes to each criterion, identifying gaps early. Our evidence collection methodology—documentation, logs, interviews, testing—builds an audit-ready portfolio. By the time the examination begins, controls are proven and documented, eliminating audit friction and delays. Auditor independence from the engagement's control work is maintained throughout, as the standards require.
Beyond SOC 2: SOC 1 & SOC 3 Reports
SOC 1 SSAE 18 reports serve financial reporting stakeholders and banking partners. SOC 3 public seals provide marketing differentiation without confidentiality restrictions. Praxis-Q's multi-report strategy lets you address diverse stakeholder needs from one compliance foundation. Coupled with HIPAA, ISO 27001, or GDPR audits, our integrated approach reduces audit fatigue and cost, streamlining vendor trust across regions.
Fast-Track SOC 2 Delivery: India + Global Advantage
Praxis-Q's distributed team—India HQ, global delivery—reduces bottlenecks and accelerates timelines. Our 15-20 business day fast-track USP means SOC 2 Type I reports in weeks, not months. Type II observation periods remain uncompressed (6-12 months compliance window), but audit execution and reporting happen at speed. Investor due diligence, procurement acceleration, and competitive advantage follow. Partner with Praxis-Q to transform compliance from a blocker into a revenue driver.