EBP2228. How to Use SOC 1 in an EBP Audit and How it Impacts Internal Controls

This session will identify the purpose and components of a SOC 1 report. The speakers will discuss, from a user auditor perspective, how SOC 1 reports impact internal controls, the user auditor’s responsibilities in regards to SOC 1 reports, and how to maximize the value of the reports.

Learning Objectives:

• Identify the purpose of a SOC 1 report and the different components of the report
• Determine efficient ways to summarize and evaluate information in SOC 1 reports
• Recognize user auditor responsibilities in regard to SOC 1 reports
• Identify ways to maximize the value of SOC 1 reports when performing an audit of an employee benefit plan