Video: Criteria for a Vendor To Be Considered a Subservice Organization

In this lesson, Nick Palazzolo, CPA, delves into the essential criteria that determine whether a vendor qualifies as a subservice organization within the framework of SOC engagements. He explains that a vendor's role must be integral to the service organization's operational activities to be considered a subservice organization, such as services that impact the service organization's control environment or involve handling sensitive data. Nick uses relatable examples from real-life scenarios involving companies like Optum Financial and Amazon Web Services to illustrate situations where a vendor's services are crucial to the operational and control objectives of the primary service organization. He also discusses factors like the degree of interaction, data access, and the nature of contractual relationships, which can influence this determination, ensuring a comprehensive understanding of how these relationships are defined and the implications they hold in SOC engagements.

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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