How To Read Soc(System And Organization Controls) 1 Reports

Understand the different sections in SOC 1 Type 2 report and their significance.

What you'll learn
Understand what SOC reports are and guidance to read a SOC 1 Report
Identify different sections of SOC 1 report and significance
How SOC reports can be used to assess a vendor
Apply the learnings to read any SOC 1 report
Requirements
Basic understanding of controls and Information Technology
Description
This course will help to understand the need for SOC reports, the basics of reading SOC 1 reports, the types of SOC reports, and the significance of different sections within the SOC report.As IT Managers/IT auditors/anyone who is interested in SOC Reports, this course will help you to:1) Understand how SOC reports are prepared & why we need them?2) The course introduces you to the different types of SOC reports available and learn in detail about SOC 1 reports:SOC1SOC2SOC3SOC for cybersecuritySOC for Supply chainType 1 and type 2 reports3) How SOC reports are used by a customer and the Vendor?4) Different sections and terms within the SOC 1 report including Complementary User entity controls and Complimentary Sub service Organization controls.5) Deep dive into each section of the report with examples as needed:Independent Service Auditor’s opinion (Qualified, Unqualified, Adverse, Disclaimer)Management AssertionSystem DescriptionControl objectives, Controls, and Test resultsRelationship between Control Objectives and risksComplementary User Entity controls and Complimentary Sub service organization controlsOther information & Management Response6) Other useful information such as the Bridge letter7) Sub-service Organizations( Inclusive, Carve-out methods)8) Characteristics of Control activities9) Internal control over financial reporting10) General IT controls11) Attestation Standards such as SSAE18(Statement on Standards for attestation engagements 18) and ISAE3402

Overview

Section 1: Understand SOC reports , Key terms, types of SOC reports

Lecture 1 Introduction

Lecture 2 Course Outline

Lecture 3 Brief on SOC Reports and Why do need them?

Lecture 4 Key terms in SOC reports

Lecture 5 Types of SOC Reports

Lecture 6 Differences between SOC Reports

Section 2: Deep Dive into SOC 1 reports

Lecture 7 Glimpse of SOC 1 Report Sections

Lecture 8 Sections in SOC 1 report - Part 1

Lecture 9 Sections in SOC 1 report - Part 2

Lecture 10 Sections in SOC 1 report - Part 3

Lecture 11 Sections in SOC 1 report Part 4

Lecture 12 Sections in SOC 1 report Part 5

Section 3: Useful Information for SOC Reports

Lecture 13 Useful Information for SOC Reports

IT Managers, Security Managers, Security practitioners, IT Auditors, Accountants, Anyone who is interested in learning SOC reports