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SSAE 16 professionals clarify the confusion between sock 1 vs sock 2 and type 1 vs type 2 audits. Sock 1 is the same as an SSAE 16 audit, while Sock 2 and type 2 reports are different reporting standards, like apples and oranges. The differences include color, taste, and texture, just like the variations between sock 1 and sock 2 audits.