Unlike SOC Type 1 Reports, Which Are Based on a Specific

question 80

Multiple Choice

Unlike SOC Type 1 reports, which are based on a specific point in time, SOC Type 2 reports are done over a period of time. What is the minimum span of time for a SOC Type 2 report?

• A) Six months
• B) One month
• C) One year
• D) One week

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Definitions:

Risk-Free Asset

An investment with a certain return, usually with low returns, considered to have negligible risk, such as government bonds.

Expected Return

The anticipated value or profit gained from an investment over a specified period, considering all possible outcomes.

Portfolio

A compilation of investment vehicles including stocks, bonds, commodities, along with cash and near-cash items, which encompasses mutual funds and ETFs.

Standard Deviation

A statistic that measures the dispersion or variability of a dataset relative to its mean, used to quantify the amount of variation or dispersion.