helpmycpa

[helpmycpa]

What is a SOC Audit?

SOC 1 audit center around controls that influence fiscal summaries. The reviewer must agree to the SSAE 18 authentication standard. The inspector should likewise agree to AT-C segment 320 "Writing about an Examination of Controls at a Service Organization Relevant to User Entities' Internal Control Over Financial Reporting" and the AICPA Guide, "Administration Organizations: Reporting on an Examination of Controls at a Service Organization Relevant to User Entities' Internal Control Over Financial Reporting (SOC 1)." 

SOC 2 audit center around controls encompassing data security, accessibility, preparing respectability, classification, and protection. While this report likewise requires SSAE 18 authentication guidelines, the reviewer must follow AT-C segment 105 and AT-C segment 205. Also, the reviewing norms follow the AICPA Guide, "SOC 2 Reporting on an Examination of Controls at a Service Organization Relevant to Security, Availability, Processing Integrity, Confidentiality or Privacy" and TSP area 100 "2017 Trust Services Criteria for Security, Availability, Processing Integrity, Confidentiality or Privacy."