Third Party attestation reporting (SOC reports) and role of Internal Audit
Service providers are being requested or required to provide greater transparency about their internal controls environment to a variety of internal and external stakeholders. Business events such as globalization, increased outsourcing and shared service centre models present new challenges demanding a greater need for assurance over non- financial reporting areas (operational, risk and compliance, data privacy, confidentiality) as well as demand for comfort over financial reporting processes for service provider customers and their auditors. SOC reports are prepared to provide specific stakeholders on the controls existent in the service organizations.
This presentation provides the various types of third party attestation reports available (SOC reports) and will also discuss the role of Internal Audit during the preparation of the report.
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