SOC 2 Report definition
Examples of SOC 2 Report in a sentence
In the event that Trust Company does not deliver a SOC 1 Report or SOC 2 Report, as applicable, Client shall be entitled to terminate this Agreement.
SSAE 16 SOC 2, SOC3 Statement on Standards for Attestation Engagements (SSAE) No. 1 SOC 2 Report on Controls Related to Security, Availability, Processing Integrity, Confidentiality, and Privacy.
Controller may also review the SOC 2 Report or another audit of Provider's systems by an independent third party ("Third Party Audit"), if such a report is available.
If Client chooses to conduct an independent audit rather than rely on a current SOC 2 Report or current Third Party Audit, if applicable and available, or if Client makes such choice because a current SOC 2 Report or current Third Party Audit is not available, Client will be responsible for any fees charged by any auditor appointed by Client to execute any such audit.
To the extent Provider has acquired a confidential Service Organization Control (SOC) 2 Report (or a comparable report) on its systems examining logical security controls, physical security controls, and system availability, as produced by a third party auditor in relation to the Services ("SOC 2 Report"), Provider will provide such report.
Such SOC 2 Report will include an opinion by the independent auditor on the adequacy and integrity of Convercent's general controls for security.
Client may also review the SOC 2 Report or another audit of Provider's systems by and independent third party ("Third Party Audit") if such a report is available.
Prior to initiating any such SOC 2 Report, Successful Respondent shall confer with DIR as to the scope and timing of each SOC 2 Report and shall accommodate DIR's requested modifications (if any) for each such SOC 2 Report to the extent reasonably practicable.
The Successful Respondent acknowledges that each such SOC 2 Report shall cover Successful Respondent's policies, procedures, controls and systems for twelve (12) months of Successful Respondent's performance of the Services, in accordance with the State fiscal year (and each successive twelve (12) month period thereafter), and in particular those policies, procedures, controls and systems applicable to an audit of Successful Respondent's customers.
To demonstrate compliance with the Security Measures, Algolia will make available for review by Subscriber Algolia’s most recent (i) SOC 2 Report and (ii) SOC 3 Report as described below.