What is a SOC Audit and When Do You Need a SOC Report? (Completed)

This course is designed for individuals who would like to obtain a basic understanding of SOC reports. We will discuss various types of SOC reports and when organizations should obtain a SOC report. We will discuss reviewing a SOC report to determine if the vendor meets the internal control requirements your company has established. We will also discuss the new Cybersecurity SOC report.

Who Should Attend
CPAs, CFEs, CFOs, directors, department managers, auditors, bookkeepers, and staff accountants and anyone responsible for vendor management.

Topics Covered

• Obtain a basic understanding of SOC reports
• Discuss various types of SOC reports and when organizations should obtain one
• Review a SOC report to determine if the vendor meets the internal control requirements established
• Discuss the new Cybersecurity SOC report.

Learning Objectives

• Identify the different types of SOC reports
• Differentiate when a SOC report is needed
• Recognize when to review a SOC report to determine if the vendor meets the internal control requirements your company has established
• Recognize the new Cybersecurity SOC report

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Accounting (1 hour), Auditing (1 hour)

Program Prerequisites
None

Advance Preparation
None