Q18 - What does the SOC 1 Type 1 report on service organizations _______________________.

Group of answer choices

Provides reasonable assurance that their financial statements are free of material misstatements.

Assesses whether the service organization's controls are suitably designed to achieve internal control objectives.

Ensures that the entity will not have any misstatements in areas related to the service organization's activities.

Ensures that the auditee is billed correctly.