EBK AUDITING & ASSURANCE SERVICES: A SY
EBK AUDITING & ASSURANCE SERVICES: A SY
11th Edition
ISBN: 9781260687668
Author: Jr
Publisher: MCGRAW-HILL LEARNING SOLN.(CC)
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Chapter 21, Problem 21.29MCQ
To determine

Concept Introduction:

SOC 3 reports on the same matters as SOC 2 does. SOC 3 has details that are not confidential. SOC 3 is same as SOC 2 has five trust categories:

1. Security

2. Confidentiality

3. Process Integrity

4. Availability

5. Privacy

The thing that differentiates SOC 3 with SOC 2 is that the report of SOC 3 can be published openly on the website of the company.

To choose:The condition under which the online data company would be more likely to opt for SOC 3 report.

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Students have asked these similar questions
ased on an assessment of audit risk, the auditors are concerned with the following two risks:   The risk that that the client might be making duplicate payments to vendors. The risk that the client’s accounting clerk might be making unauthorized payments to himself.   Required: a. Assuming that the client has a manual accounting system, describe how the auditors can design a test to identify the duplicate payments and unauthorized payments. b. Assuming that the client has an IT accounting system, describe how the auditors might use data analytic software to design a test to identify the duplicate payments and the unauthorized payments. b. Assuming that the client has an IT accounting system, describe how the auditors might use data analytic software to design a test to identify the duplicate payments and the unauthorized payments.
The IT auditor can MOST (select one) effectively help a company deal with increasing IT-related risk by: a) Alerting management and the Audit Committee of the risks related to IT, and making audit recommendations that are focused on the root cause. b) Performing a weekly review of system-based audit logs to determine if the company has been breached. c) Ensuring that the company has a log-in banner that warns unauthorized users that they may be subject to criminal prosecution and penalties. d) Conducting an audit of the company's network security and pointing out weak firewall configuration settings in the audit report.
An internal auditor is examining the effectiveness of procedures management established to protect customer data from cyberattacks and whether those procedures are cost effective.  This is an example of an operational audit.   Question options:   True   False
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