Question: Which statement best describes the difference between SOC - 1 and SOC - 2 reports? Question 3 3 options: A ) SOC - 1 reports
Which statement best describes the difference between SOC and SOC reports?
Question options:
A
SOC reports evaluate the general public's access to a service provider's data, while SOC reports do not.
B
SOC reports are used exclusively for SOX compliance, whereas SOC reports are not.
C
SOC and SOC reports both focus on financial data integrity and are used interchangeably.
D
SOC reports are focused on the service provider's internal financial reporting, while SOC reports address controls related to nonfinancial data based on AICPA's trust principles.
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