Discuss responsibilities for auditing controls at a service

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Question 1: Can you prepare memo (ICP-1) discussing our responsibilities for auditing the controls at a service organization and whether an SOC 1 report fulfills our obligations for our audit of internal control over financial reporting? Also, if remember correctly, there are two types of SOC 1 reports, but don't know which one we need and whether the attached letter is a Type 1 or Type 2 report. Just include the service auditor's report in the audit documentation; don't worry about the detail pages referenced in the service auditor's report - will go through them and include them in the audit documentation later.

Reference no: EM132782724

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