Schellman vs Thoropass
How two SOC 2 audit firms compare on price, timeline, framework coverage, and fit — and how to decide between them.
| Schellman | Thoropass | |
|---|---|---|
| Typical price | $30K–$150K | $12K–$45K |
| Type 2 timeline | 10–24 weeks | 6–16 weeks |
| Firm tier | National firm | Automation-led |
| Frameworks | SOC 1, SOC 2 Type 1, SOC 2 Type 2, ISO 27001, HIPAA, PCI DSS, GDPR | SOC 1, SOC 2 Type 1, SOC 2 Type 2, ISO 27001, HIPAA, PCI DSS |
| Industry focus | SaaS, Fintech, Healthcare, AI / ML, GovTech | SaaS, Fintech, Healthcare, AI / ML |
| Regions | United States, United Kingdom, European Union, Global | United States, Global |
| AICPA-licensed | Yes | Yes |
| Headquarters | Tampa, Florida | New York, New York |
How Schellman and Thoropass differ
On price, Thoropass typically comes in lower ($12K–$45K) than Schellman ($30K–$150K), though scope drives the final quote. Schellman covers more frameworks (7 vs 6), which matters if you want to bundle SOC 2 with ISO 27001, HIPAA, or PCI under one engagement. They also sit in different tiers — Schellman is national firm, Thoropass is automation-led — which shapes the price, process, and brand recognition on the report.
Schellman strengths
- ✓Licensed CPA firm registered with the PCAOB
- ✓Broad accreditation portfolio: SOC, ISO, PCI, HITRUST, FedRAMP, CMMC
- ✓Large-scale assessor handling thousands of engagements per year
Thoropass strengths
- ✓Integrated platform-plus-audit with in-house licensed CPA affiliate
- ✓Single workflow from evidence to audit
- ✓Supports SOC 2, ISO 27001, HIPAA, HITRUST, PCI
Which should you choose?
Lean toward Thoropass if budget is the priority and its scope fits; lean toward Schellman if you want the broadest framework coverage in a single engagement. Schellman additionally brings GovTech experience that Thoropass does not list. Both are AICPA-licensed, so either can issue a report your customers will accept — the fastest way to decide is to get quotes from both on identical scope.
Frequently asked questions
Is Schellman or Thoropass cheaper for SOC 2?
Schellman typically ranges $30K–$150K and Thoropass $12K–$45K. On typical midpoints, Thoropass tends to be the lower-cost option, but neither publishes fixed pricing, so a scoped quote from each is the only reliable comparison.
Which covers more frameworks, Schellman or Thoropass?
Schellman lists more frameworks (SOC 1, SOC 2 Type 1, SOC 2 Type 2, ISO 27001, HIPAA, PCI DSS, GDPR), which is an advantage if you plan to bundle SOC 2 with other assurance standards.
Are Schellman and Thoropass both AICPA-licensed CPA firms?
Yes. Both Schellman and Thoropass are AICPA-licensed CPA firms, which is required to issue a SOC 2 report. Either firm's report carries the same recognition with your customers.