Which report provides an opinion regarding fairness of the service organization's description of controls relevant to a company's internal control over financial reporting, but does not test the controls or express an opinion regarding the effectiveness of the controls?
A)SOC 1 Type 1 Report
B)SOC 1 Type 2 Report
C)SOC 2 Type 1 Report
D)SOC 2 Type 2 Report

Question

Quizplus · Accepted Answer

SOC 1 Type 1 Report provides an opinion regarding the fairness of the description of controls over financial reporting. It does not test the operating effectiveness of the controls or express an opinion on that effectiveness. SOC 1 Type 2 Report, SOC 2 Type 1 Report, and SOC 2 Type 2 Report all test the operating effectiveness of controls and provide an opinion on their effectiveness.

Which Report Provides an Opinion Regarding Fairness of the Service