Understanding SOC Reports: Audits, Compliance, and Risk Management

Overview

Discover practical strategies for managing HR issues. From federal labor laws to employee life cycle management, this webinar covers the essentials to help you navigate today’s workplace complexities. Sponsored by Paychex.

Highlights

• SEC reporting updates
• audit report writing
• financial disclosure requirements
• internal controls
• audit procedures
• PCAOB standards

Objectives

• Distinguish between SOC 1, SOC 2, and SOC 3 reports based on purpose, audience, and reporting criteria.
• Identify and interpret the key components of a SOC report, including the auditor's opinion, system description, and controls testing.
• Recognize the elements and application of SOC Type 1 and Type 2 reports and evaluate the level of assurance they provide.
• Indicate how SOC report findings are used to assess third — party risk, support compliance efforts, and inform audit decisions.

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.