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SSAE 16 professionals aim to clarify the confusion between SOC 1 vs. SOC 2 and Type 1 vs. Type 2 audits. SOC 1 is equivalent to SSAE 16, whereas many believe SOC 1 is like Type 1 and SOC 2 is like Type 2. However, SOC 1 and SOC 2 reports are different standards - like comparing apples to oranges. Both are audits, but with key differences in reporting standards.
