SOC for Service Organizations Reporting Essentials

Overview

SOC for service organizations examinations fundamentals are explored to better prepare you to perform a SOC engagement or use the report.

Highlights

Key Topics

• Purposes of SOC 1, SOC 2, and SOC 3 reports
• Differences between the reports and their intended users
• Standards relevant and applicable to SOC 1, SOC 2, and SOC 3 reporting engagements
• Common peer review findings related to SOC engagements

Prerequisites

None

Designed For

Who Will Benefit

Service auditors, service organization management, financial statement auditors, internal auditors, and entities that outsource functions to service organizations

Objectives

Learning Outcomes

• Recall key definitions related to SOC for service organizations examinations.
• Distinguish between SOC 1®, SOC 2®, and SOC 3® reports.
• Identify the guidance that is relevant and applicable to SOC 1, SOC 2, and SOC 3 reporting engagements.