Which Report Provides an Opinion Regarding Fairness of the Service

question 115

Multiple Choice

Which report provides an opinion regarding fairness of the service organization's description of controls other than those relevant to a company's internal control related to financial reporting, including the service auditor tests controls and expresses an opinion regarding the effectiveness of the controls?

• A)SOC 1 Type 1 Report
• B)SOC 1 Type 2 Report
• C)SOC 2 Type 1 Report
• D)SOC 2 Type 2 Report

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Definitions:

Married Filing Jointly

A filing status for married couples that allows them to file a single tax return jointly, potentially leading to tax benefits.

Other Income

Earnings or receipts from sources other than a taxpayer's primary occupation, including but not limited to interest, dividends, and rental income.

Form 1040

The official form provided by the Internal Revenue Service (IRS) which is utilized by individuals to submit their yearly income tax returns.

Tax-Exempt Dividends

Dividends that are paid by investments in municipal bonds or certain mutual funds which are not subject to federal income tax.