This session is part 1 of 2 of working through the planning and risk assessment process for the fundamental track case study and will continue in Session #XX. These sessions include consideration of SOC 1 reports and certifications for limited scope audits.
Recognize necessary procedures to properly plan an employee benefit plan, through utilization of an example
Discuss risk assessment and the design of and linkage to planned procedures based on risk evaluation by audit area at the assertion level utilizing examples of documentation tools
Outline when limited-scope audits are appropriate utilizing evaluation tool
Review SOC 1 report and its impact on planned procedures and risk assessment, walk through a SOC 1 evaluation, including internal and user control considerations