Which of the following is correct relating to service organization control (SOC)reports referred to as "SOC 2" reports?
A)They are primarily to assist financial statement auditors when processing services have been outsourced to a service provider.
B)They are generally available to anyone.
C)They relate most directly to internal control over financial reporting.
D)They are meant for management of service organizations,user entities,and certain other specified entities.

Question

Quizplus · Accepted Answer

SOC 2 reports are meant for management of service organizations, user entities, and certain other specified entities to help them understand and evaluate the effectiveness of the internal controls at a service organization. They provide assurance on the design and operating effectiveness of the controls related to security, availability, processing integrity, confidentiality, or privacy over a period of time. They are not primarily meant to assist financial statement auditors or available to anyone, nor do they relate most directly to internal control over financial reporting.

Which of the Following Is Correct Relating to Service Organization