If your company has an employee benefit plan that is audited, one of the items an auditor will ask for is the Service Organization Controls report (SOC 1 report) for each of the service organizations used by the plan. A SOC 1 report is an extremely important document that plan management should review to ensure the reliance placed on each service organization by the plan is appropriate, and that entity user controls, which are the responsibility of plan management, are being followed.
(PRWeb September 10, 2013)
Read the full story at http://www.prweb.com/releases/2013/9/prweb10786816.htm
