SOC Series: An Introduction (part 1)

SOC Official Definition

SOC Background and Context

So, what’s a SOC Report?

Okay…but, what’s a SOC Report?

*chart adapted from YouTube video created and shared by licensed CPA firm KirkpatrickPrice

Key Takeaways for Part 1:

  • SOC, or System and Organization Controls, refers to a suite of services that licensed CPAs can provide to service organizations.
  • SOC audits are conducted using an AICPA-defined framework intended to assess an organization’s systems and controls around financial reporting and other related trust mechanisms.
  • SOC reports are issued at the end of a SOC audit. There are three main types, two of which are categorized by a sub-type.
  • All SOC reports must be issued by a licensed CPA firm

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Writing about DAOs mostly & crypto education

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