TPR2303 - SOC Independence and Peer Review Insights

Learning Objectives:

• Identify how certain relationships between SOC tool providers and audit firms can impair independence or raise other ethical questions.
• Identify the importance of quality and compliance with professional standards in SOC engagements.
• Identify the requirements for CPA firms issuing SOC examination reports to undergo a peer review.
• Identify the relationship between the firm’s quality control and peer review.
• Identify common peer review findings in SOC 1 and SOC 2 engagements and why they matter.