Video: Considerations Specific to Reporting on a SOC Engagement - Overview

In this lesson, Nick Palazzolo, CPA, delves into the specifics of reporting on Service Organization Control (SOC) engagements, highlighting the key aspects that distinguish this process from preparing and performing such engagements. He focuses on simplifying the intricacies of what goes into an actual SOC report, reinforcing crucial points to ensure a thorough understanding. Nick also revisits trust services criteria, stressing the need for deep familiarity with these standards. Throughout the session, he continues to encourage consistent practice with multiple choice questions and simulations, setting a solid foundation for mastering this area of reporting. This lesson serves to consolidate the understanding of SOC reporting, equipping you with the knowledge to handle similar topics effectively in your audit exam preparations.

Create an account Get started free. No credit card required.
Considerations Specific to Planning, Performing & Reporting on a SOC Engagement
Module: 2 Concepts, 30 Videos
Considerations Specific to Planning and Performing a SOC Engagement - Overview
1:09
Introduction to Considerations Specific to Planning and Performing a SOC Engagement
8:07
Purpose and Organization of the Trust Services Criteria
3:58
Subject Matters in Trust Services Criteria Reporting
5:13
Management Assertions in SOC Engagements
8:35
Intended Users of SOC 1, SOC 2, and SOC 3 Reports
5:16
Independence Considerations in SOC Engagements
3:39
Materiality in SOC Engagements
3:01
Risk Assessment for Service Organizations and Service Auditors
2:40
Criteria for a Vendor To Be Considered a Subservice Organization
5:42
Inclusive v. Carve-out Method in SOC Engagements
4:20
Service Commitments and System Requirements in SOC 2 Engagements
2:47
Subsequently Discovered Facts on SOC Engagements
6:25
Purpose and Common Sections of a System Description in SOC Engagements
3:31
Management's Description of an Entity's Cybersecurity Risk Management Program
3:52
Complementary User Entity Controls
4:22
Obtaining Management's Written Representations
4:07
Understanding the System in a SOC 2 Engagement
5:46
SOC 1 vs. SOC 2 Engagements
11:31
Considerations Specific to Planning and Performing a SOC Engagement - Summary
1:30
Considerations Specific to Planning and Performing a SOC Engagement - Practice Questions
5:08
Considerations Specific to Reporting on a SOC Engagement - Overview
0:59
Introduction to Considerations Specific to Reporting on a SOC Engagement
2:05
CUECs Effect on SOC Reports
5:31
Carve-out vs. Inclusive Method in Reporting on CSOCs
5:39
Types of Opinions and Report Modifications in the Presence of Deficiencies
11:47
Preparation of SOC 2 Reports
5:05
Form and Content of SOC 1 and SOC 2 Reports
4:49
Considerations Specific to Reporting on a SOC Engagement - Summary
1:42
Considerations Specific to Reporting on a SOC Engagement - Practice Questions
5:45