On-Demand

Understanding SOC Reports: Audits, Compliance, and Risk Management

CPE: 3

Overview

Accounting and audit professionals need a clear understanding of SOC reports to manage risk and evaluate third-party providers. Jared James, CPA and IT security specialist, shares his SOC expertise in interpreting auditor opinions, control testing, and system descriptions with confidence.

Product Code
1000004483
Credit Type
CPE: 3
CPE-Technical: 3
Format
Online Self-Study
Intended Audience
CPAs and other Financial Professionals looking to enhance their knowledge on the topic.
NASBA Field of Study
Auditing
Level of Difficulty
Update
Prerequisites
None
Advance Preparation
None

Learning 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.

Major Subjects

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

Additional Details

This prerecorded broadcast is provided through our partnership with Kaplan Professional Education. Please note the expiration date on this course.

Understanding SOC Reports: Audits, Compliance, and Risk Management

Overview

Product Code

Credit Type

Format

Intended Audience

NASBA Field of Study

Level of Difficulty

Prerequisites

Advance Preparation

Learning Objectives

Major Subjects

Additional Details