A System and Organization Controls 1 Type 2 Report is a report on an internal control over financial reporting. These reports are prepared in accordance with AT-C Section 320. It states the written assertion by the management of the organization to report on design, implementation and operating effectiveness of controls for a period of time.It includes tests of controls report performed by auditor and results of the same. To define: SOC 1, Type 2 Reports

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Chapter 6, Problem 6.21MCQ

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Introduction: A System and Organization Controls 1 Type 2 Report is a report on an internal control over financial reporting. These reports are prepared in accordance with AT-C Section 320. It states the written assertion by the management of the organization to report on design, implementation and operating effectiveness of controls for a period of time.It includes tests of controls report performed by auditor and results of the same.

To define: SOC 1, Type 2 Reports

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