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.