QuestionQ105

VerifiedLegal, Risk and Compliance

Audits may be performed based on the state of a system or application at a particular point in time, or as an assessment over a period that considers changes and processes.

Which pair identifies an audit type conducted over time and the minimum required duration for it?

Explanation

A SOC Type 2 examination assesses whether relevant controls operated effectively throughout a reporting period, rather than only assessing their design at a single date. Six months is the conventional minimum reporting period used for a Type 2 report; a one-year period is common but is not the minimum. AICPA materials distinguish Type 1 examinations, which evaluate controls as of a specific date, from Type 2 examinations, which include operating effectiveness over a period.

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