SOC for Service Organizations Deep Dive (Day 2)

Description

Enhance your knowledge of SOC for service organizations examinations! Why is SOC reporting important? Outsourcing has become a trend. The use of technology is expanding rapidly. As a consequence, reporting on system and organization controls is becoming more prevalent, as user entities look to experienced service auditors like you to provide reliable reports on controls at service organizations. However, peer review commonly identifies deficiencies related to compliance with the attestation standards in SOC examinations. Find out what you need to know to provide reports user entities and auditors can trust while avoiding common mistakes. How can you prevent common missteps in SOC reporting? Familiarize yourself with authoritative and interpretive guidance applicable to SOC 1r and SOC 2r examinations. Apply the guidance appropriately in planning, executing, and reporting on SOC for service organizations examinations. How will this course help? This course dives into key aspects of planning, executing, and reporting on SOC for service organizations examinations. It references applicable guidance and presents several thought-provoking and practical activities. Instructors with significant SOC reporting experience share their knowledge to enable you to perform examinations in compliance with the attestation standards.

Date/Time

Tuesday, July 20, 2021
Registration Time: 9:00am
9:00am – 2:30pm

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Course Type

On-line Live Vendors

CPE Credit

5.50 hours CPE credit

Field of Study

Auditing

Level of Knowledge

Intermediate

Designed For

Managers, senior managers, and partners responsible for performing and managing their firms' SOC for service organizations engagements. Senior staff of firms specializing in SOC for service organizations engagements.

Vendor

AICPA

Prerequisites

Substantial experience performing and managing staff on SOC 1r, SOC 2r, and SOC 3r engagements. Basic knowledge of the 2017 trust services criteria.

Advanced Preparation

None

Highlights

 Overview of SOC services and guidance  Types of SOC for service organizations engagements  Sections of the report, including the service auditor's opinion and testing and management's description and assertion  Consideration of subservice organizations, complementary user entity controls, and use of internal audit and specialists  Planning considerations related to engagement acceptance and continuance, scoping, risk assessment, and materiality  Assessment and documentation of design and operating effectiveness of controls  Types of opinions and concluding activities  Other topics of interest, such as SOC 2r+ reports, SOC 3r reports, and blockchain implications

Objectives

 Identify guidance that affects system and organization controls (SOC) for service organizations engagements.  Determine how to avoid common SOC for service organizations pitfalls based on peer review findings.  Assess the needs of a service organization to determine the appropriate SOC for service organizations engagement and suitability of criteria.  Apply your knowledge and skills in planning, executing, and reporting on a SOC for service organizations examination.

Location

N/A (This is a webcast)
Member Fee $105.00
Non-Member Fee $130.00
Your Price $130.00

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