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.
The SOC 2, Type 2 examination measures the operation of your controls against the Trust Services Principles set forth by the AICPA, and it provides your clients with a description of the tests that your accountant performs and the results of those tests.