SOC & Third-Party Risk Quiz

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

Question 1

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

	Maintaining independence and objectivity.
	Decreasing engagement efficiency.
	Evaluating management’s reasonable basis for its assertion.

Question 2

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?

	HITRUST
	ISO
	PCI

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?

	15%
	45%
	30%