they research and offer financial advice for companies lend money and provide underwriting services insurance companies require payments for certain aspects of life such as homeowner ship and automobiles they offer packages based on activity and risk pooling the risks of groups with similar risks
The SOC1 (SSAE16 Type II) audit is widely recognized for the intensive scrutiny it puts service organizations through, in terms of their control activities related to information technology and related processes.
1 One account from your small business chart of accounts will be debited which simply means the amount will be recorded on the left side and one account will be credited â¦amount recorded on right side. 2  Debits and credits must balance equal. 3  See more about debits and credits in our basic accounting concepts section.