Gain a solid foundation
Many organizations outsource services that affect financial reporting. SOC 1 reports provide pertinent information on internal control to outsourcing organizations and their auditors to assess and address the risks and controls associated with outsourced services.
This course will provide you with an overview of SOC 1 reporting. Patrick Morin, an experienced service auditor, will cover the basics of planning, executing, and reporting on internal controls over financial reporting at a service organization to prepare you for your SOC 1 examination.
Who Will Benefit
Service auditors, service organization management, financial statement auditors, internal auditors, and entities that outsource functions to service organizations
Key Topics
- SOC 1 report planning considerations
- Management’s responsibilities
- Evaluation and testing of controls related to financial reporting
- SOC 1 reporting matters and considerations
- Completing a SOC 1 engagement
Learning Outcomes
- Identify SOC 1 planning considerations and responsibilities.
- Recall how to execute procedures related to design and operating effectiveness of controls, and evaluate results.
- Recognize requirements for reporting on and completing a SOC 1 engagement.