Specific to reporting SOC engagement Flashcards
scope (title and address)
Indicate the nature and the intended recipents.
Opinion
The section is where the auditor gives their opinion on if the control system and design is used by management is good and effective.
Service Organization responsibilities (Management)
This section outlines the responsibilities of management including how the system was prepared and if the control system works.
Auditors responsibilites
The section where the auditor explain what they are going do, and how the audit will be conducted in accordance with relevant standards and ensure to provide a reasonable basis for the opinion.
Inherent Limitations
Discusses the inherent limitation of the internal control system, and acknowledges that even well designed controls have limitations.
Descriptin of the System
Details the aspects such as the services provided, the process, and the controls in place.
Description of the auditors’ test of controls
When the operating effectiveness of control is assessed, this section details the nature, timing, and extebt of the auditor’s test of control along with the results.
Other information
This section is used if the auditor believes additional information is necessary for understanding the assessment or the conclusions.
Signature, Tenure, and Date
The report is signed by the auditor and audit firm, includes the duration of the examination period, and is dated to indicate when the audit was completed.
Restricted Use
explain the restrictions on the report and limitting them to specific parties or purpose.
Unmodified Opinion \Unqualified Opinion
Clean and suitable designed and operates effectively
Qualified Opinion
Limited in Scope controls are good in some areas but have deficiencies in other area.
Adverse Opinion
Controls are not suitably designed and were not operating effectively.
Disclaimer of Opinion
significate scope limitations, lack of available evidence.
