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Which of the following is true concerning the differences between a SOC 1 and SOC 2 engagement? 1 . A SOC Type 1 engagement is

Which of the following is true concerning the differences between a SOC 1 and SOC 2
engagement?
1. A SOC Type 1 engagement is designed to express an opinion on whether management controls
are suitably designed.
2. A SOC Type 2 engagement is designed to express an opinion on the fair presentation of the
financial statements.
3. A SOC Type 1 engagement is designed to express an opinion on whether management controls
are suitably designed and operating effectively.
4. None of the answer choices are correct.

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