The AICPA has developed assurance services related to electronic commerce called Trust Services. Do an online search

Question:

The AICPA has developed assurance services related to electronic commerce called Trust Services. Do an online search for Trust Services on the AICPA website (www. aicpa.org).

Required:

a. Find and list the five broad areas into which the Trust Services Criteria are organized.

b. Describe the main differences between the purpose of a SOC 1 report and a SOC 2 or SOC 3 report.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Auditing & Assurance Services A Systematic Approach

ISBN: 978-1260687637

11th Edition

Authors: William F Messier Jr, Steven M Glover, Douglas F Prawitt

See More Books

Question Posted: Apr 09, 2019 09:04 AM

See More Questions

Multiple Choice Questions Select the best answer for each of the following and explain fully the reason for your selection. a. A report on an attestation engagement should: (1) State the nature of...
The AICPA has developed an assurance service related to electronic commerce called WebTrust. Visit the WebTrust home page (www.webtrust. org) and examine the WebTrust seal. Required: a. Under the...
Carrie Ross is the Managing Partner of Ross, Sells, and Young, LLP, a mid-sized CPA firm. She has just finished reviewing the firms detailed income statement for the previous quarter. The statement...
Describe the risk assessment approach used for Enterprise Risk Management(ERM) at Worker's Compensation Fund(WCF). How does this approach compare to ISO 31000? Does it consider risks with upside...
Percy Company has 15,000 shares of common stock outstanding during all of 2013. It also has 2 convertible securities outstanding at the end of 2013. These are: 1. Convertible preferred stock: 1,000...
Evaluate the integral. J x - 1 .3
2. Risk. Is there a risk that the project will be unsuccessfultechnically or financially? For example, are there too many uncertainties regarding the technological feasibility of developing an...
Briefly describe some of the similarities and differences between GAAP and IFRS with respect to the accounting for inventories.
Company A has a target weights of 30% for debt, 20% for preferred stock and 50% for retained earnings. What is company As WACC if cost of retained Earnings generated from the CAPM is used for...
On January 1, 2020, Wildhorse Leasing Inc., a lessor that uses IFRS 16, signed an agreement with Rock River Inc., a lessee, for the use of a compression system. The system cost $424,000 and Wildhorse...
This question consists of 13 items pertaining to possible deficiencies in an accountants review report. Indicate whether each statement about a possible deficiency is correct (C) or incorrect (I) in...
Do an Internet search to find the SOC 3 report for Googles Cloud Platform System for the latest period available. Required: a. Read the report. Identify the accounting firm that performed the SOC 3...
In problem, find the following for each pair of points: (a) The distance between the points (b) The midpoint of the line segment connecting the points (c) The slope of the line containing the points...
Time (s) Velocity (cm/s or m/s) Uncertainty 0.100 -145 cm/s or 0.145 m/s +/- 0.089 m/s 0.200 -266 cm/s or 0.266 m/s +/- 0.010 m/s 0.300 -359 cm/s or 0.359 m/s +/- 0.0201 m/s 0.400 -451 cm/s or 0.451...
Using Technology to Generate Normal Quantile Plots. In Exercises 13-16, use the data from the indicated exercise in this section. Use software (such as Statdisk, Minitab, Excel, or StatCrunch) or a...
Use your understanding of work and power to answer the following questions. 1. Two physics students, Will N. Andable and Ben Pumpiniron, are in the weightlifting room. Will lifts the 100-pound...
Problem 2. Consider the following chemical reaction. 2H2 + O2 = 2HO Gibbs Duhem equation states that SdT - Vdp+ Nidi=0. Apply this equation for the above reaction and determine the equilibrium...
Part D: Exploring Pascal's Triangle 1. Fill-In the missing numbers in Pascal's Triangle. See 2. Find the sum of each row in Pascal's Triangle. Describe the pattern. 1, 2, 4, 8, 16... Power of 2n 1 1...
Consider a two-dimensional duct with a straight horizontal lower wall, and a straight upper wall inclined upward through the angle = 3. The height of the duct entrance is 0.3 m. A uniform horizontal...
Three forces with magnitudes of 70pounds, 40 pounds, and 60 pounds act on an object at angles of 30, 45, and 135, respectively, with the positive x-axis. Find the direction and magnitude of the...
Under what conditions does the auditor issue a qualified opinion?
What is the purpose of key audit matters in the auditors report? Why do the international standards only mandate key audit matters for listed entities?
Explain what is meant by a close call in evaluating the going concern. If, in assessing a close call, the auditor concludes that the client does not need to disclose a material uncertainty related to...
Al preparar el estado de resultados pro forma, cules de las siguientes partidas se deducen de las utilidades brutas para llegar a las ganancias despus de impuestos? Pregunta de seleccin mltiple....
Lawson Inc. is expanding its manufacturing plant, which requires an investment of $4 million in new equipment and plant modifications. Lawson's sales are expected to increase by $3 million per year...
20 On January 1, Year 1, X Company purchased equipment for $80,000. The company estimates that the equipment will have a useful life of 10 years and a residual value of $5,000. X Company depreciates...

The AICPA has developed assurance services related to electronic commerce called Trust Services. Do an online search

Question:

Step by Step Answer:

a The five broad areas in which Trust Services Criteria are organized are as follows Security Information andsystems are protected against unauthorize...View the full answer

Auditing & Assurance Services A Systematic Approach

Students also viewed these Business questions