SOC & Third-Party Risk Quiz | Engage

SOC & Third-Party Risk Quiz

Read each multiple-choice question and select the best answer.

Question 1

In 2024, the AICPA surveyed the SOC practices of the G400 and Major Firms Group. According to the results, what is the most common non-SOC service offering being provided by SOC practices?

ISO

HITRUST

PCI

Question 2

Using SOC automation tools can pose significant challenges for audit practitioners. Which of these is not an example of a challenge:

Decreasing engagement efficiency.

Maintaining independence and objectivity.

Evaluating management’s reasonable basis for its assertion.

Question 3

In 2024, the AICPA surveyed the SOC practices of the G400 and Major Firms Group. According to the results, approximately what percentage of firms are engaged to perform SOC 2+ engagements?

30%

15%

45%