OasisLMS

Building a solid foundation for SOC 1 examinations

SOC 1 reports provide outsourcing organizations and their auditors with pertinent information on internal control so they can assess and address the risks and controls associated with outsourced services.

You’ll gain a foundational understanding of SOC 1 reporting by reviewing topics, including:

• Planning considerations
• Executing SOC 1 examinations
• Reporting on internal control over financial reporting at a service organization

Learning Outcomes

• Identify planning considerations and responsibilities.
• Recall how to execute procedures related to design and operating effectiveness of controls and to evaluate results.
• Recognize requirements for reporting and completing the engagement.

Key Topics

• SOC 1 report planning considerations and applicability
• Evaluating and testing of controls
• Reporting matters and considerations
• Completing the engagement

Who Will Benefit

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