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.
A chart of accounts (COA) is essentially a set of codes for the consistent classification of financial information. This allows for the systematic production of decision-useful accounting information for management, such as budgeting, monitoring, and management reporting.