Give every firm the same written scope so you can compare prices. Include any issuer requirement, the systems in scope, the report period, and each deliverable.
01Name the signing firm and team
Check that the recipient accepts the CPA firm that will sign the report. Name the engagement lead and check the firm's licence, peer-review evidence, and independence, including any readiness or advisory work.
02Set the report scope and dates
List the systems, entities, Trust Services Criteria, subservice organizations, and any SOC 1 report. Agree separate dates for the Type 2 observation period, fieldwork, and report delivery.
03Price each additional assessment
For each framework, list the practice doing the work, its report or certificate, and its fee. Ask which evidence can be reused and what renewals, retesting, and scope changes cost. Use the proposal questions and audit cost guide to complete the brief.
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Choose a Big Four auditor when your report recipient requires one. Company size alone does not establish that requirement. If other licensed CPA firms are acceptable, compare experience with your scope, independence, report quality, the proposed team, fees, and delivery dates.
Read more about the Big Four versus specialist trade-offs.
Check the CPA firm that will sign the report: its licence, peer-review result, independence, and experience with your scope. Ask who will lead the audit and request a redacted sample report. Read the system description, opinion, control tests, exceptions, and complementary user entity controls (CUECs) to see whether the report answers your recipients' questions.
Check the firm's licence with CPAverify, read the peer-review checks and limits, and use AICPA’s report-review resources. A peer-review Pass does not guarantee the quality of your SOC 2 engagement.
One report can cover several products or legal entities if they fit the documented system and control environment. Shared ownership alone is insufficient. List each product, legal entity, location, and operating team. Ask the auditor which can share a report and which need their own. A customer reading the report should be able to tell whether the service it buys is covered.
Use the system and entity scope questions to record shared controls, separate operations, subservice organizations, and exclusions before requesting prices.
One firm can coordinate both examinations and reuse evidence where the requirements overlap. SOC 1 addresses controls relevant to customers’ financial reporting. SOC 2 addresses selected Trust Services Criteria. The reports remain separate. Ask what evidence can be reused, what must be tested separately, and how the report scopes, observation periods, deliverables, and fees differ.
Read SOC 1 versus SOC 2 before adding either report to the proposal.