Audit Documentation News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The inspections of the audit firms were started in December last year and covered various aspects, including review of firm-wide quality controls evaluate their adherence to Standards on Quality Control (SQC-1) and selected audit documentation of the annual statutory audit of financial statements for the year ended March 31, 2021, according to four separate reports released by NFRA on Friday.

Preparing For a SOC 2 Audit What Exactly Is a SOC 2 Audit? An annual SOC 2 audit is necessary for any company or organization that wishes to obtain SOC 2 certification.  In order to become SOC 2 certified, your company will be evaluated on one or more of the following principles of the AICPA Trust Service Criteria (TSC): Security, Availability, Processing Integrity, Confidentiality, and Privacy. Often, during an audit, an organization goes through a security evaluation to analyze their security controls. Afterward, they will receive one of the following two types of reports: Relating to SOC ...