SOC reports are part of a relatively new reporting framework issued by American Institute of Certified Public Accountants (AICPA). The new framework became effective on June 15, 2011. Today we are celebrating the 2nd birthday of the new SOC reporting framework. To celebrate SOC’s 2 years, Reckenen conducted a survey on data centers and other service organizations to understand the adoption of SOC standard and gain other insights.
90% of the data centers and colocations are SOC compliant under SSAE16/SOC1 or SOC2 reports. SOC1/SSAE16 reports still remain to be the king of the hill as 82% of the data centers choose that standard. SOC2 reports are becoming increasingly popular at YOY growth of 100%.
The top reason to get audited under any of the SOC standard is due the needs of the client at 42%. While 27% choose to do it because of the competition and 17% see it as marketing or business development opportunity.
Happy Birthday SOC!
Following is an infographic summarizing the findings:
Download this infographic.