Which SOC Report Is Conducted by the Service Organization's Auditors

question 41

Multiple Choice

Which SOC report is conducted by the service organization's auditors using Attestation Standards (AT) Section 101 and prepared using the AICPA Trust Services?

• A)SOC 1
• B)SOC 2
• C)SOC 3
• D)SOC 3 Type 2 report

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Definitions:

Accounts Receivable Balance

The entire sum owed by customers to a company for the consumption of goods or services for which payment has not been made.

Cost of Goods Sold

The immediate expenses linked to the creation of products that a company sells.

Sales

The transactions involving the exchange of goods or services for money, constituting the revenue of a business.

Accounts Receivable Balance

The total amount of money owed to a company by its customers for goods or services sold on credit.