What Type of SOC Report Is Intended to Meet the Needs

question 10

Multiple Choice

What type of SOC report is intended to meet the needs of a broad range of users who need information and assurance about controls at s service organization that affect the security,availability,and processing integrity of the systems the service organization uses to process users' data and the confidentiality and privacy of the information processed by these systems?

• A)SOC 1 report
• B)SOC 2 report
• C)SOC 3 report
• D)none of the above

---

Definitions:

Monopolies

Market structures characterized by a single seller dominating a particular market, possessing significant market power over the price and supply of a product or service.

Office of Management and Budget

A division of the Executive Office of the President in the United States that assists the President in preparing the federal budget and overseeing its administration in Executive Branch agencies.

Mergers

A merger is a financial activity where two or more companies combine to form a new entity, often aiming to increase market share, reduce costs, or expand into new markets.

Trust

Confidence in the reliability, truth, ability, or strength of someone or something; often a key component in business and personal relationships.