An SOC 1 report is commonly implemented for organizations that must comply with Sarbanes-Oxley (SOX) or the Gramm-Leach-Bliley Act (GLBA). A. True B. False

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asked Oct 27, 2021 127k views

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Markoffden · Answer 1 · 2021-11-03T04:52:08+0000

Answer:

True

Step-by-step explanation:

The SOC 1 report emphasizes on the controls of service organizations most probable to be crucial to an audit of the financial statements of a customer. This report helps customers auditors with the rules and regulation such as the SOX, also known as the Sarbanes–Oxley Act.

An SOC 1 report is commonly implemented for organizations that must comply with Sarbanes-Oxley (SOX) or the Gramm-Leach-Bliley Act (GLBA). A. True B. False

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