QuestionQ152

VerifiedLegal, Risk and Compliance

What are SOC 1, SOC 2, and SOC 3?

Explanation

SOC 1, SOC 2, and SOC 3 are independent assurance/audit reports on service-organization controls. SOC 1 concerns controls relevant to financial reporting; SOC 2 and SOC 3 address the Trust Services Criteria, with SOC 3 designed for general use.

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