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Webinar: Transitioning Between System & Organization Control (SOC) Reports

02/12/2019 @ 11:00 - 12:00

How a SOC 2® report can benefit organizations currently receiving a SOC 1 report

In 2011, the American Institute of Certified Public Accountants (AICPA) retired the SAS70 standard and replaced it with the SOC 1 and SOC 2® reporting vehicles. Service organizations have been providing their customers, clients and key stakeholders with controls assurance via one of these reports. Typically, a company would receive either a SOC 1 OR a SOC 2® report. However, many organizations receiving SOC 1 are also seeking a SOC 2® examination in response to their customers’ demand.

In this webinar, Baker Tilly discusses the key differences between the SOC 1 and SOC 2® report, and why a company receiving a SOC 1 report would need or benefit from a SOC 2® report.

Key learning objectives

After attending this webinar, participants will be able to:

  • Identify the differences between the SOC 1 and SOC 2® report.
  • Describe the applicability of the SOC 1 and SOC 2® report and the circumstances when the use of each report is appropriate.
  • Determine if their organization should receive a SOC 2® report, or if a reports should be requested from key vendors.
  • Recognize the additional effort needed to perform a SOC 2® examination if a SOC 1 is already being performed.
  • Discuss the SOC 2® processing integrity criteria requirements and how they may or may not overlap with SOC 1 controls.

Who should attend?

This webinar is intended for service organizations that have SOC 1 examinations performed over their operations and are considering having a SOC 2® examination performed. Companies who receive SOC 1 reports from their key vendors may also find the webinar helpful to understand the benefits of receiving a SOC 2® report in addition to the SOC 1 report.

Meet your presenters

Mark Boettcher, CPA, CISA
Senior Manager – Risk, Internal Audit and Cybersecurity

Andrew Wittig, CPA, CISA
Senior Manager – Risk, Internal Audit and Cybersecurity

Information about CPE eligibility

There are no prerequisites for this webinar, and advance preparation is not required. There is no cost to attend this webinar.

CPE credit: One (1) hour total credit
Field of study: Specialized Knowledge
Level: Intermediate
CPE host: Lindsey Johnson


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