Combine entered external audit fees, review hours, hourly rates, tooling, and internal preparation costs into a transparent SOC 2 budget scenario.
Formula
const enteredBaseFee = Math.max(0, Number(inputs.externalAuditBaseFee || 0)); const enteredReviewHours = Math.max(0, Number(inputs.externalReviewHours || 0)); const enteredHourlyRate = Math.max(0, Number(inputs.externalHourlyRate || 0)); const enteredToolingBudget = Math.max(0, Number(inputs.annualComplianceTooling || 0)); const enteredPreparationCost = Math.max(0, Number(inputs.internalPreparationCost || 0)); const externalReviewLaborScenario = Math.round((enteredReviewHours * enteredHourlyRate) * 100) / 100; const externalAuditCostScenario = Math.round((enteredBaseFee + externalReviewLaborScenario) * 100) / 100; const totalSoc2ProgramBudgetScenario = Math.round((externalAuditCostScenario + enteredToolingBudget + enteredPreparationCost) * 100) / 100; return { externalReviewLaborScenario, externalAuditCostScenario, totalSoc2ProgramBudgetScenario };Entered External Audit Base Fee (€)
20,000
Entered External Review Hours
160
Entered External Hourly Rate (€)
200
Annual Compliance Tooling Budget (€)
30,000
Entered Internal Preparation Cost (€)
40,000
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With the default inputs, 160 external review hours at €200 per hour produce €32,000 in external review labor. Adding a €20,000 base fee gives a €52,000 external audit cost scenario. Including €30,000 of annual tooling and €40,000 of internal preparation produces a €122,000 total program budget scenario.
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The estimate combines Entered External Audit Base Fee (€), Entered External Review Hours, Entered External Hourly Rate (€) and returns External Review Labor Scenario, External Audit Cost Scenario, Total SOC 2 Program Budget Scenario.
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