You Have a SOC 1r Report - Now What?
Information is becoming more digitized, and electronic audit evidence is on the
rise. With this trend, the use of SOC 1r reports in financial statement audits will
become more prevalent. As a financial statement auditor (user auditor), you must
obtain an understanding of the essential information contained in SOC 1r reports
for the purpose of complying with GAAS in a financial statement audit.
This course may also benefit user entities - management, those charged with
governance, and internal auditors - as it is a user entity's responsibility to
consider SOC 1r reports when assessing risks and systems of internal control.
Service auditors may also find this course helpful when considering what would be
of interest to user entities.
This course presents, through real-world examples, the contents of each section
of a SOC 1r report, highlighting key items and areas of focus, as well as high-risk
areas. As a user entity or user auditor, you will be better able to identify pertinent
information that affects your entity or your audit. And as a service auditor, you will
be better able to recognize what users are looking for.
Take this course to ensure you are considering the implications for the financial
statement audit of pertinent information in the SOC 1r report, including the
implications for risk assessment and tests of controls, to comply with applicable
Financial statement auditors
(user auditors) with experience
in performing a risk assessment
and tests of controls
Those charged with governance
(such as management and audit
committee members) and
internal auditors of entities that
outsource services to service
Service auditors wanting to see
the end result of work performed
in a SOC 1r examination
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