Understanding SOC Reports: Audits, Compliance, and Risk Management ON DEMAND

Overview

Accounting and audit professionals need a clear understanding of SOC reports to manage risk and evaluate third-party providers. Jared James, CPA and IT security specialist, shares his SOC expertise in interpreting auditor opinions, control testing, and system descriptions with confidence.

Highlights

SEC reporting.

Prerequisites

None.

Designed For

CPAs and auditors.

Objectives

Distinguish between SOC 1, SOC 2, and SOC 3 reports based on purpose, audience, and reporting criteria. Identify and interpret the key components of a SOC report, including the auditor’s opinion, system description, and controls testing. Recognize the elements and application of SOC Type 1 and Type 2 reports and evaluate the level of assurance they provide. Indicate how SOC report findings are used to assess third-party risk, support compliance efforts, and inform audit decisions.

Preparation

None.

Notice

None.