alleryStart learning →System and organization controls (SOC) reports are meant for use by which entities?
AService organizations
BRetail customers
CIncome tax officers
DStock exchanges
Answer & Solution
Correct answer: A. Service organizations
SOC reports let service organizations give validated reports on internal controls over the systems they run for others.
Keep practising Audit Committee
Browse all Audit Committee questions for CA Final, or explore more Auditing topics.
Related questions
How often should audit committees complete a self-evaluation?Which 2002 US law raised audit committee membership requirements after corporate scandals?In what year did the SEC first recommend audit committees of outside directors for public Which matter must external auditors report to the audit committee?Where are an audit committee's duties typically described?Which is a typical audit committee responsibility?Under the Indian rules, loans, borrowings, debentures and deposits of what amount trigger Under the Indian rules, a public company needs an Audit Committee if its paid-up capital i