FinSer Corporation offers its clients investment portfolio reporting services.

Required

Download the FinSer’s SSAE 18 2019 SOC 1, Type 2 report (https://www.finser.com/images/pdf/2019_ Finser_SOC-1.pdf, or search online for “FinSer SSAE 18 2019 SOC 1, Type 2 report”) and then answer the following questions. 

a. Briefly describe the services FinSer offers its clients. What section of the SOC 1, Type 2 report provides the best description of these services? 

b. Briefly describe the opinion rendered by the service auditor on the Assertion of FinSer Corporation’s Management. 

c. Assume your audit client is a bank that uses FinSer’s investment portfolio reporting services. What is your assessment of FinSer’s entity-level controls? 

d. Assume your audit client is a bank that uses FinSer’s investment portfolio reporting services. Evaluate internal controls related to the accuracy, valuation and allocation assertion of the bank’s fixed-income investments.