ExpertHard1 markMultiple Choice
CPA · Question 81 · Area III: SOC Engagements
Which of the following is a 'Subsequent Event' in a SOC 2® engagement?
Which of the following is a 'Subsequent Event' in a SOC 2® engagement?
Answer options:
A.
A control failure that occurred during the period.
B.
A significant control failure that occurs after the period covered by the report but before the report is issued.
C.
A change in the auditor's fee.
D.
A planned future change to the system.
How to approach this question
Subsequent = After the period, before the report.
Full Answer
B.A significant control failure that occurs after the period covered by the report but before the report is issued.✓ Correct
A significant control failure that occurs after the period covered by the report but before the report is issued.
Subsequent events are events that occur after the period covered by the examination but before the date of the service auditor's report, which could have a significant effect on the user's understanding of the system.
Common mistakes
Confusing with events during the period.
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