Hi Andrew. I am preparing for my exam and came across this video. I have a question about practice question 5 on SOC Reports. Wouldn't the SOC 1 report be the appropriate one, considering you have investors (potential or not) who want a report. As SOC 1 deals with Financial Reports and the controls impacting financial statements, wouldn't that be more appropriate? The question didn't state that a publicly available report is asked for, just which one is most appropriate for investors. Couldn't an internal person pull a SOC 1 to provide?
Internal reports both SOC 1 and 2 have confidential information. You would need to sign NDA's Since they are potential investors that is most likely a public facing report.
@@TechnicalInstituteofAmerica no worries! I just wanted to make sure I didn’t miss the class. Can’t thank you enough for doing this AR! Your PMP classes helped me, now I’m hoping this will do the same.
Great stuff Andrew!
Thanks. Join me next week for more.
I am a student just signed up and finished the bootcamp. Im still using any info you have and Im preparing for the CISSP
Hi Andrew. I am preparing for my exam and came across this video. I have a question about practice question 5 on SOC Reports. Wouldn't the SOC 1 report be the appropriate one, considering you have investors (potential or not) who want a report. As SOC 1 deals with Financial Reports and the controls impacting financial statements, wouldn't that be more appropriate? The question didn't state that a publicly available report is asked for, just which one is most appropriate for investors. Couldn't an internal person pull a SOC 1 to provide?
Internal reports both SOC 1 and 2 have confidential information. You would need to sign NDA's Since they are potential investors that is most likely a public facing report.
Will this be weekly?
Yes it will.
@@TechnicalInstituteofAmerica Every Monday?
@@JoeGreen03 Sorry, I had to teach a class tonight. Will be back next Monday.
@@TechnicalInstituteofAmerica no worries! I just wanted to make sure I didn’t miss the class. Can’t thank you enough for doing this AR! Your PMP classes helped me, now I’m hoping this will do the same.