Fast-Track · Weeks, Not Months
SOC 2 Type 1 vs Type 2
SOC 2 Type 1 vs Type 2 - Complete Guide for SaaS & Cloud Vendors
Understand the key differences between SOC 2 Type 1 and Type 2 reports - scope, timeline, cost, and which US enterprise clients require. Praxis-Q delivers readiness for both report types - fast-track Type 1 in weeks and full Type 2 support - with the formal report issued by an independent licensed CPA firm.
At a Glance
Type 1Point-in-time
Type 26-12 month period
Delivery T1Weeks
TSCAll 5 criteria
SOC 2 Types
SOC 2 Type 1 vs Type 2
SOC 2 Type 1 vs Type 2 - Complete Guide for SaaS & Cloud Vendors
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
- Report Selection
- Scope Definition
- Controls Assessment
- Audit
- Report Issuance
What You Get
- Clear Type 1 vs Type 2 comparison
- Fast-track Type 1 in weeks
- Type 2 planning and readiness roadmap
- All 5 Trust Services Criteria
- Bridge letter support between audit periods
- Vendor questionnaire support using Type 1 report
- Reports issued by an independent licensed CPA firm
- SaaS and cloud vendor specialization
Frequently Asked Questions
What is the difference between SOC 2 Type 1 and Type 2?
Type 1 assesses whether controls are suitably designed at a specific date - a snapshot. Type 2 tests whether those controls operated effectively over a defined period (minimum 6 months). Type 2 provides stronger assurance and is required by most enterprise US clients.
Which do I need - SOC 2 Type 1 or Type 2?
If you need to respond to enterprise RFPs immediately, start with Type 1 (a few weeks). If your US clients require Type 2, begin the observation period immediately while using Type 1 as a bridge. Most US SaaS companies need both over time.
How much does SOC 2 Type 1 cost vs Type 2?
Type 1 is significantly less expensive than Type 2 due to the shorter engagement and no observation period. Praxis-Q provides competitive pricing for both - contact us for a scoped quote based on your system description.
Ready to Get Started?
Free gap analysis · Proposal in 24hrs · Delivery in weeks