Which Type of Audit Report Does Many Cloud Providers Use

question 482

Multiple Choice

Which type of audit report does many cloud providers use to instill confidence in their policies, practices, and procedures to current and potential customers?

• A) SAS-70
• B) SOC 2
• C) SOC 1
• D) SOX

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Definitions:

Depreciation

A method used in accounting to divide the expenditure of a tangible asset over the time it is useful.

Taxes Paid

The total amount of taxes remitted to the government by an individual or organization, including income, sales, and property taxes.

Cash Flow to Stockholders

The amount of cash a company pays out to its shareholders, including dividends and net share buybacks.

Dividends Per Share

The amount of dividends paid out to shareholders per share of the company’s stock.