Top Firms, Key Factors, Costs, and Red Flags to Watch Out For
We help companies like yours prepare for their SOC2 audit by securing their key IT systems and processes before the audit. If you need that - contact us, else - keep reading!
๐ Part 1: Why Your Auditor Choice Could Make-or Break-Your SOC 2 Journey
SOC 2 isn't just a technical assessment-it's a trust signal.
The report you publish, the firm that signs it, and how well it's written all reflect on your brand.
That's why choosing the right auditor matters. A good auditor:
Understands your tech stack
Helps you clarify unclear requirements
Doesn't waste your team's time
Is respected by your enterprise buyers and investors
The wrong one?
They delay your sales process, nitpick your evidence, and fail to communicate clearly-costing you deals and credibility.
Let's break down:
What SOC 2 auditors actually do
How to evaluate them
What it costs
Common red flags
And a list of the top SOC 2 auditors in 2024
๐ What Does a SOC 2 Auditor Actually Do?
SOC 2 audits are governed by the AICPA (American Institute of Certified Public Accountants). This means the auditor must be:
A licensed CPA (Certified Public Accountant), or
A firm under the oversight of licensed CPAs
The auditor's job is to assess whether your organization meets the Trust Services Criteria (TSC), especially:
Security (always required)
Availability
Confidentiality
Processing Integrity
Privacy
They perform a Type I or Type II audit:
Audit Type
Scope
Duration
Type I
Are controls designed properly at a single point in time?
Fast (1-2 weeks)
Type II
Are controls operating effectively over 3-12 months?
Slow (4-12 weeks + audit window)
The auditor will:
Review documentation and policies
Inspect evidence of control implementation
Interview staff
Evaluate your systems and processes
Deliver a formal report with opinion letter
๐ก The Right Auditor = Faster, Cleaner, and More Respected Reports
Enterprise buyers often recognize auditor names.
Some will trust your SOC 2 more-or less-based on who signed it.
"We once had to re-audit with a better-known firm because a buyer's security team didn't trust our first auditor."
- SaaS Founder, HealthTech
A great auditor:
Speaks both business and tech
Helps you prep for renewals
Avoids rigid interpretations of vague criteria
Delivers audit reports that impress security teams and legal counsel
โ ๏ธ What Happens If You Choose the Wrong Auditor?
Risk
Impact
Poor communication
Delays, frustration, low-quality evidence mapping
Inexperience with SaaS or your tech stack
Irrelevant questions, missed red flags
Overly aggressive scope creep
Surprise costs and endless revisions
No integration with GRC platforms
Manual work, screenshots, wasted hours
Weak reputation
Clients or partners may discount your SOC 2 report entirely
๐ฏ Coming Up Next in Part 2:
How much SOC 2 audits cost (by size and complexity)
What impacts audit pricing (number of apps, users, TSCs, time window)
The difference between bundled audits and standalone
Audit firms vs compliance automation platforms
SOC 2 Audit Pricing - What to Expect and What Drives It
SOC 2 audits vary dramatically in price, depending on your scope, complexity, and chosen firm.
Expect to pay anywhere from $10,000 to over $60,000 per audit cycle.
Let's break it down.
๐งพ Typical SOC 2 Audit Cost Ranges
Company Stage
Audit Type
Price Range
Startup (Type I)
Point-in-time review
$10K - $20K
Startup (Type II, 3-month window)
Short-term operational review
$20K - $30K
Growth SaaS (Type II, 6+ months)
Deep audit over time
$30K - $45K
Mid-size Enterprise (complex infra)
Type II + multiple TSCs
$45K - $70K+
Additional Costs:
Re-audits or retesting if controls fail
Change in scope during audit
Multiple legal entities or business units
Privacy/processing integrity TSCs (more work = more $$)
๐ง Factors That Influence SOC 2 Audit Pricing
1. Audit Type
Type I is cheaper (shorter, no time window)
Type II is the industry standard but more involved
2. Audit Window Duration
3-month Type II = fewer samples, faster report
6-12 month Type II = more review, more cost
3. Number of Systems + Cloud Services
AWS, Azure, GCP, Google Workspace, Okta, GitHub, Jira, etc.
The more integrations = more controls = more testing effort
4. Control Count
Average SOC 2 Security-only audits cover 50-90 controls
Add-ons like Confidentiality, Availability push that higher
5. Company Structure
Multiple subsidiaries? Data processors? Complex org charts?
Each layer may require separate assessment or sample testing
๐ GRC Platforms + Auditor Partnerships
Many companies use a GRC (Governance, Risk, Compliance) tool like:
Vanta
Drata
Secureframe
Strike Graph
These tools:
Automate evidence collection
Pre-map controls
Help you prepare audit-ready data
Some platforms bundle audits or offer you a list of "preferred auditors."
Option
Pros
Cons
Platform + In-house audit selection
Full flexibility
May require separate audit negotiation
Platform-bundled audit
Streamlined billing, better communication
May limit auditor choice
Consultant + separate auditor
Hands-on guidance
Slightly more coordination overhead
Tip: Ask if your GRC platform lets you choose your own auditor-even if bundled.
๐ Sample Audit Pricing Table by GRC Partner
GRC Tool
Audit Partner
SOC 2 Type II Starting Price
Vanta
Prescient Assurance, Johanson Group
~$15K-$35K
Drata
A-LIGN, BARR Advisory
~$18K-$45K
Secureframe
BDO, MHM, Schellman
~$20K-$50K
TrustCloud
Prescient, AssuranceLab
~$12K-$30K
These prices exclude readiness work or remediation.
๐ณ๏ธ What's Often Not Included in Audit Quotes
Retests if controls fail
Support for third-party vendor mapping
Additional time for scope changes
Draft reviews and iterations with legal teams
Pen testing or scanning (unless bundled separately)
๐ Part 3 Coming Up:
How to evaluate an auditor before signing
Must-ask questions during discovery
Red flags to avoid
Top SOC 2 audit firms (with summaries)
๐ง Part 3: How to Evaluate and Select the Right Auditor
Choosing a SOC 2 auditor isn't just about price-it's about fit, speed, communication, and credibility.
Here's how to evaluate and compare audit firms before signing.
โ Must-Ask Questions Before Hiring an Auditor
Question
Why It Matters
Are you AICPA-certified to issue SOC 2 reports?
Only AICPA-licensed CPA firms can legally conduct the audit
Have you audited companies in our industry before?
Industry experience = better contextual judgment
Do you support our tech stack (AWS, GCP, Azure, etc.)?
Familiarity avoids wasted time explaining infra basics
How do you prefer to collect evidence?
Look for GRC integrations or secure portals
How quickly can we schedule our audit window?
Lead time matters if you're chasing clients or renewals
What's your average turnaround for draft reports?
Some firms take 2 weeks, others 2 months
Will we have a dedicated audit manager or rotating team?
Continuity ensures quality and communication clarity
How do you handle failed controls during the audit?
You want flexibility, not surprise re-audit fees
๐จ Red Flags That Signal Trouble
Red Flag
Risk
No clear list of deliverables
You may be charged for unexpected extras
Poor documentation examples or vague templates
Auditor may not understand SaaS norms
Unfamiliar with GRC platforms
Expect delays in syncing evidence
Excessive control testing or over-auditing
Overcharging or misunderstanding scope
Unresponsive in discovery
Expect long response times post-engagement too
If they can't explain the SOC 2 process clearly in a 30-minute intro call, walk away.
๐ Top SOC 2 Audit Firms in 2024 (Trusted by SaaS and GRC Platforms)
Here are the most commonly used and recommended SOC 2 auditors, based on industry reputation, GRC tool partnerships, and audit quality.
1. Schellman & Company
๐น One of the most established firms in cloud security auditing
Your renewal timeline and long-term compliance plan
A great auditor doesn't just check boxes-they help you build trust into your process and product.
โ Call to Action
Looking for help navigating your SOC 2 auditor search?
We help SaaS and tech firms:
Match with the right auditor based on size and timeline
Negotiate scope and pricing
Avoid audit scope creep
Get audit-ready with proven tools and templates
๐ฉ Request SOC 2 Audit Advisory Support
See also: How to Comply with TGA MDCSG Requirements
Ready to get started? Atlant Security helps companies close security gaps and pass compliance fast, led personally by a former Microsoft security consultant with 200+ assessments across 14 countries. Book a free strategy call and get a fixed-price proposal within 24 hours.
Alexander Sverdlov
Founder of Atlant Security. Author of 2 information security books, cybersecurity speaker at the largest cybersecurity conferences in Asia and a United Nations conference panelist. Former Microsoft security consulting team member, external cybersecurity consultant at the Emirates Nuclear Energy Corporation.