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Introduction to SOC for Service Organizations Reporting
Audit & Assurance
CPE Self-study

Introduction to SOC for Service Organizations Reporting

SOC for service organizations examinations can be effectively performed with this foundational knowledge covering system and organization control reporting guidance and common practice issues.

$175 - $265
Do you have an AICPA or CIMA membership? Log in to apply your member discount.

Format

Online

NASBA Field of Study

Auditing

Level

Basic

CPE Credits

12.5

Author(s)

Patrick A. Morin

Availability

1 year

Product Number

SOCRPTS24SSO

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 Business & partner 
Product Details

SOC reporting fundamentals

Understanding system and organization control reporting guidance and common practice issues will provide you with the foundational knowledge to effectively perform SOC for service organizations examinations.

You’ll learn the basics by exploring topics, including:

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

Additionally, you’ll review how to provide attestation services related to the effectiveness of a service organization’s controls that affect

  • internal control over financial reporting (SOC 1) and
  • controls related to information privacy, security, confidentiality, availability, and processing integrity (SOC 2 and SOC 3).

Guidance for examinations

Knowing the guidance that pertains to SOC reporting engagements will set you up for successful engagements. You’ll delve into relevant guidance, such as:

  • Trust Services Criteria
  • SSAE No. 18
  • Guidance in the SOC 1 and SOC 2 guides.

Focusing on audit quality

You’ll enhance audit quality by recognizing, preventing, and addressing common peer review findings in SOC examinations.

Who Will Benefit

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

Key Topics

  • Purposes of SOC 1®, SOC 2®, and SOC 3® reports
  • Differences between the reports and their intended users
  • Standards that are relevant and applicable to SOC 1, SOC 2, and SOC 3 reports
  • Common peer review findings related to SOC engagements
  • Trust Services Criteria
  • SSAE No. 18
  • Guidance in the SOC 1 and SOC 2 guides.

Learning Objectives

  • 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.
  • Identify planning considerations and responsibilities.
  • Recall how to execute procedures related to design and operating effectiveness of controls and to evaluate results.
  • Identify the components of a system.
  • Recognize the AICPA trust services criteria.
  • Recognize requirements for reporting and completing the engagement.
Credit Info
CPE Credits
Online
12.5
NASBA Field of Study
Auditing
Level
Basic
Prerequisites
None
Access
Online
This is a digital product. With full paid access the content will be available to you for 1 year after purchase date.
For more information, please refer to CPE requirements and NASBA sponsorship information
Pricing
Do you have an AICPA or CIMA membership? Log in to apply your member discount.
Nonmembers
Online
$265.00
AICPA Members
Online
$219.00
CIMA Members
Online
$219.00
CGMA Designation Credential Holders
Online
$175.00

Group ordering for your team

2 to 5 registrants

Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.

Start order

6+ registrants

We can help with group discounts. Email client.support@aicpa-cima.com
US customers call 1-800-634-6780 (option 1)

Contact us
Author(s)
Patrick A. Morin
CPA, CISA, CITP
Patrick (Pat) is a principal and director of the risk and business advisory practice at Baker Newman Noyes, specializing in a wide range of topics related to business process and information systems. He has been with the firm since it was founded, having previously been with one of our predecessor firms since 1988. Pat has significant experience providing services such as assessment and evaluation of business processes and the identification of information system solutions, creation of control frameworks to mitigate risk, information technology control and security reviews and SSAE 16 Service Organization Control examinations, developing solutions to analyze large-scale data sets, and developing information technology strategies and business resumption plans. Pat is a nationally recognized expert in SOC for Service Organizations examinations; he provides SOC for Service Organizations examination quality review services for three regional CPA firms. Pat earned a bachelor's degree in accounting from the University of Maine, Orono.
Accessibility

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