Building Trust: SOC 2 Compliance and Managing Third-Party Risks

Overview

This course provides a comprehensive overview of essential topics, including tax proposals, valuation discounts, and trusts, facilitating a clear understanding of the intricate relationships between real estate and estate and trust planning. By the conclusion, you will have a solid grasp of key concepts that are vital for effective planning in these areas.

Highlights

• GAAP compliance
• financial disclosure requirements
• PCAOB standards

Objectives

• Recognize the current environmental changes and threats in the third — party trust arena, including increased cyber — attacks, outages, and the growing use of AI by threat actors
• Identify ways to leverage SOC reports to improve internal control over financial reporting
• Recognize differences between SOC 1, SOC 2 & SOC for cybersecurity reports and how they complement each other
• Identify how to develop and enforce strong governance over third — party risk management

Notice

This is a self-study/on demand course offered by a 3rd party vendor and will NOT be accessible in the My Upcoming CPE section of the ISCPA website. Course access information will be emailed directly to you by CalCPA. The course expires one year from the purchase date. Format = Online Self-Study.