ExpertMedium1 markMultiple Choice
CPA · Question 65 · Area III: SOC Engagements
A service organization uses a 'Bridge Letter' (Gap Letter). What is its purpose?
A service organization uses a 'Bridge Letter' (Gap Letter). What is its purpose?
Answer options:
A.
To explain a qualified opinion.
B.
To cover the period between the end of the SOC report period and the user entity's year-end.
C.
To bridge the gap between SOC 1 and SOC 2.
D.
To request more information from the auditor.
How to approach this question
Identify the timing issue.
Full Answer
B.To cover the period between the end of the SOC report period and the user entity's year-end.✓ Correct
To cover the period between the end of the SOC report period and the user entity's year-end.
Bridge letters are issued by management (not the auditor) to provide comfort for the 'gap period'.
Common mistakes
Thinking the auditor issues the bridge letter (Management does).
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