ENG2502. SOC Report Evaluation 101: Helping CPAs to Properly Assess SOC 1® and SOC 2® Reports (SOC, NAA)

In this session, we will delve into the intricacies of evaluating SOC 1® and SOC 2® reports, providing CPAs with the essential knowledge and tools to properly assess these documents. Attendees will gain a comprehensive understanding of the differences between SOC 1 and SOC 2 reports, the key components of each report, and the steps necessary to evaluate the effectiveness of the controls described within. This session is designed to enhance the CPA's ability to interpret and utilize SOC reports in their daily practice or business, ensuring a thorough and accurate assessment of service organizations' control environments.

Learning Objectives:

• Identify the differences between SOC 1 and SOC 2 reports
• Recognize the key components of SOC reports
• Distinguish practical application of best practices for assessing SOC reports