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A SOC (Service Organization Control) report is an independent assessment that evaluates whether an organization has designed and implemented controls to manage security, availability, confidentiality, privacy, or financial reporting risks. SOC reports are commonly requested by customers, regulators, auditors, and business partners to verify that a service provider operates with effective control environments and risk management practices.

SOC reports matter most for companies that store, process, or move sensitive customer data. So if your business serves finance, health care, cloud hosting, or software delivery, prospective clients will likely ask for your SOC findings before signing on the dotted line-and regulators may expect them too.