SOC 1 examination basics – from planning and executing the engagement to reporting – are reviewed to prepare you to perform the engagement or use the report. Building a solid foundation for SOC 1 examinations SOC 1 reports provide outsourcing organizations and their auditors with pertinent information on internal control so they can assess and address the risks and controls associated with outsourced services. You’ll gain a foundational understanding of SOC 1 reporting by reviewing topics, including: - Planning considerations - Executing SOC 1 examinations - Reporting on internal control over financial reporting at a service organization Who Will Benefit Service auditors, service organization management, financial statement auditors, internal auditors, and entities that outsource functions to service organizations Key Topics - SOC 1 report planning considerations and applicability - Evaluating and testing of controls - Reporting matters and considerations - Completing the engagement Learning Outcomes - Identify planning considerations and responsibilities. - Recall how to execute procedures related to design and operating effectiveness of controls and to evaluate results. - Recognize requirements for reporting and completing the engagement.