PPC's Practice Aids for Reporting on Controls of Service Organizations - SOC 1 Engagements

PPC's Practice Aids for Reporting on Controls of Service Organizations— SOC 1 Engagements is unique because these practice aids are designed for very specialized engagements. Based on the Practice Aid format used by thousands of firms, PPC's Practice Aids™ for Reporting on Controls of Service Organizations—SOC 1 Engagements contains extensive practical considerations and tips throughout to help you conduct SOC 1 engagements effectively and efficiently. 
 

A practical 'how-to' engagement process specifically tailored for these specialized engagements will help you perform these engagements in a cost-effective manner. Save hours of time by not having to tailor your existing practice aids for these types of engagements. Links to related guidance on Checkpoint are also included.
 

A SOC 1 report allows the service auditor to report on controls at a service organization that are likely to be relevant to user entities' internal control over financial reporting. These Practice Aids are loaded with the practical guidance, real-life examples, and timesaving checklists and practice aids to give you the knowledge you need to confidently and competently perform complex SOC 1 engagements.
 

If you are one of the many CPAs who perform SOC 1 service organization engagements, this is the resource you've been asking for! These Practice Aids were developed by CPAs who have extensive experience providing services to all types of service organizations and who understand the unique engagement performance and reporting issues you encounter. Features include the following: 
 

• The practice aids have all been tailored for SOC 1 engagements, so you won't have to spend time deciding which standards apply or how to make practice aids designed for audits or other attest engagements fit for SOC 1 engagements.
   
• Specialized checklists and practice aids include extensive guidance and practical considerations to address SOC 1 requirements for all service organizations.
   
• Numerous examples provide illustrative reports and procedures for common types of service organizations, including payroll processing and IT processing organizations, as well as guidance on IT general controls. Numerous drafting illustrations of service auditor's reports tailored for various situations are also included.
   
• Rather than take a one-size fits-all approach to performing SOC 1 engagements, these practice aids are designed to allow you to customize your approach and procedures to fit different types of service organizations and unique aspects of the controls at various service organizations. Included are extensive illustrative control objectives, control activities, and tests of operating effectiveness that provide important resources to make your new and existing engagements more efficient.