Your SOC 2 Will Take Twice as Long
February: the auditor quotes six months. September: the deal needs the report. The letter lands the following February, and the deal closed elsewhere.
Angle
Compliance
3 posts
The 409A valuation you didn't update
The last 409A was eighteen months old, and options had been granted against it. The IRS calls that compensation income.
SOC 2 takes eight months, not six weeks
A buyer asked for SOC 2 in October for a year-end close. The audit takes months, not weeks. The deal died because nobody had started.