OVERVIEW
The SOC Toolkit from AuditMiner provides information identified in a service organization’s Type 2, System and Organization Controls (SOC) Report. It’s an easy to use workbook that comes pre-loaded with information identified by the service auditor and is designed to meet audit standards for review of the Type 2, SOC report.
Our SOC Toolkit takes a SOC report and inputs all relevant controls into a workbook that includes corresponding complementary user entity controls and walkthrough procedures. Say goodbye to hours spent manually copying, pasting, and re-typing data into your audit programs.
WHAT'S INCLUDED
Reports are already analyzed by experienced auditors and contain the following¹:
General Information
Info relating to the SOC report such as period covered, type of report, familiarity with the service auditor, etc.
Subservice Providers
Carved out of the SOC report, including the functions performed by the subservice provider, if those functions are relevant to the user entity’s controls, and if further procedures over the subservice provider are recommended.
Control Objectives
Preloaded, including the page number, an analysis of deviations (if any), and a determination if the control objective is relevant to the audit of the plan.
Complementary User Entity Controls
Preloaded, including the page number, the applicable control objective each pertains to, and an example walkthrough procedure the auditor could perform for those controls that are considered relevant to the audit.
Conclusion
A tab which indicates if a sufficient understanding of controls has been obtained, along with an assessment of where testing could be reduced (but not eliminated) in the audit.
Ready to get started? Check out our growing library of toolkits now.
¹ This tool is intended to assist auditors in documenting procedures and findings related controls at a service organization that is relevant to the user entity’s internal control over financial reporting. This tool is completed under the assumption that the user entity is an employee benefit plan (EBP) and has received a certification of assets and related income. If used for a non-EBP audit, certain content may need to be adjusted by the auditor. All decisions regarding additional procedures, reliance on controls, walkthroughs, and conclusions must be reviewed by the auditor using judgment and experience in determining whether the information is sufficient for their audit.
1,000+ Toolkits available for immediate purchase.
Who doesn't Love a discount?!?
Book a demo with us.
Are you excited to find out more? Start by scheduling a 30 minute demo!
Got some questions?
Take a look at our FAQs to get quick answers. Want to dive deeper? Consider scheduling a 30 minute demo!
