SOC Professional Standards & Ethics 2

Question 1

Under the AICPA Code of Professional Conduct, which principle requires a CPA to be straightforward and honest in professional and business relationships?

Accepted Answer

Integrity

Answer

Integrity requires CPAs to be straightforward, honest, and not knowingly misrepresent facts in professional and business relationships.

Question 2

A SOC 2 service auditor discovers that management has omitted a material control from the system description. What is the auditor's most appropriate course of action?

Accepted Answer

Issue a qualified or adverse opinion on the description

Answer

When a material omission exists in the description, the auditor must modify the opinion to reflect that the description is not fairly presented.

Question 3

Which AICPA standard governs the performance of SOC 1 engagements?

Accepted Answer

SSAE No. 18 (AT-C Section 320)

Answer

SSAE No. 18, specifically AT-C Section 320, is the current AICPA standard that replaced SAS 70 and governs SOC 1 reporting on controls at a service organization.

Question 4

An auditor's ethical obligation of confidentiality in a SOC engagement is MOST likely overridden when:

Accepted Answer

A court subpoena requires disclosure of workpapers

Answer

Legal obligations such as a court subpoena can override the confidentiality duty, as compliance with law supersedes professional confidentiality rules.

Question 5

The concept of 'professional skepticism' in SOC engagements means the auditor should:

Accepted Answer

Maintain a questioning mind and critically assess audit evidence

Answer

Professional skepticism involves a questioning mindset and critical evaluation of evidence rather than assuming honesty or dishonesty.

(SOC) System and Organization Controls Certification Practice Test

(SOC) System and Organization Controls Certification Practice Test

SOC Professional Standards & Ethics 2