Technical Line - How SOC reporting may be affected by the COVID-19 pandemic

21 May 2020 PDF
Subject AccountingLink
Topics COVID-19
Publications Technical Line

Overview

Management of service organizations that provide System and Organization Controls (SOC) reports to the companies they do business with needs to consider the implications of the COVID-19 pandemic on this reporting. Management needs to consider whether the service organization’s system and controls changed due to stay-at-home orders and other restrictions instituted worldwide. Management also needs to consider whether it needs to update its risk assessment and/or make changes to its description of the system and its assertion about the design of the organization’s controls and their operating effectiveness.

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