Answered step by step
Verified Expert Solution
Question
1 Approved Answer
SOC 2 report is generated by company C for company A who receives a service from company B (e.g., cloud services). Hence, company C provides
- SOC 2 report is generated by company C for company A who receives a service from company B (e.g., cloud services). Hence, company C provides assurance to company A for the services provided by company B. Once the SOC2 report is generated by Company C and reviewed by Company A and B, company B can respond to the findings and any exceptions (e.g., if company B violated any terms of service as specified in the contract). Conduct research about how the communication takes place and explain how company B and C can respond to findings of the SOC 2 formal report (maybe even informally) when there is a violation of the contract terms identified by company C. Sometimes, as a result of the SOC 2 report, company A may not renew the contract with company B and switch to another service provider. EXPLAIN IN DETAIL PLEASE
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started