From the course: Advanced SOC 2 Auditing: Proven Strategies for Auditing the Security, Availability and Confidentiality TSCs
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From the course: Advanced SOC 2 Auditing: Proven Strategies for Auditing the Security, Availability and Confidentiality TSCs
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Exploring CC4.2 - COSO Principle 17: Timely evaluation and communication of internal control deficiencies for effective corrective action
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- [Presenter] Welcome to our exploration of CC4.2. Today, we're diving into COSO Principle 17, emphasizing the importance of timely evaluation and communication of internal control deficiencies to the responsible parties for corrective action, including senior management and the board of directors. COSO Principle 17 underscores the importance of assessing the results of evaluations and ensuring that any identified deficiencies in internal controls are communicated promptly. This ensures that corrective actions can be taken swiftly. A few points of focus in the COSO framework we should be aware of are assessing results. Both management and the board of directors play roles in assessing the results of ongoing and separate evaluations. Deficiencies, when identified, are promptly communicated to the responsible parties, ensuring timely corrective action. Senior management and the board of directors are kept informed as appropriate. A vigilant follow-up ensures that identified deficiencies…
Contents
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- Be an advanced SOC 2 MVP 46s
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- Exploring CC1.1 - COSO Principle 1: Upholding integrity and ethical values 2m 52s
- Exploring CC1.2 - COSO Principle 2: Ensuring board independence and oversight of internal control 3m 40s
- Exploring CC1.3 - COSO Principle 3: Establishing effective structures and reporting lines for objective pursuit 2m 37s
- Exploring CC1.4 - COSO Principle 4: Fostering a commitment to competent talent acquisition, development, and retention in alignment with objectives 2m 26s
- Exploring CC1.5 - COSO Principle 5: Ensuring accountability for internal control responsibilities in objective pursuit 2m 48s
- Exploring CC2.1 - COSO Principle 13: Leveraging relevant, quality information to enhance internal control functionality 2m 49s
- Exploring CC2.2 - COSO Principle 14: Enhancing internal control through effective internal communication of objectives and responsibilities 2m 35s
- Exploring CC2.3 - COSO Principle 15: Facilitating external communication for effective functioning of internal control 3m 6s
- Exploring CC3.1 - COSO Principle 6: Defining clear objectives to facilitate risk identification and assessment 2m 54s
- Exploring CC3.2 - COSO Principle 7: Identifying and analyzing risks for effective objective achievement and risk management 3m 24s
- Exploring CC3.3 - COSO Principle 8: Addressing fraud potential in risk assessment for objective achievement 2m 23s
- Exploring CC3.4 - COSO Principle 9: Evaluating changes that significantly impact the internal control system 2m 43s
- Exploring CC4.1 - COSO Principle 16: Evaluating component presence and functionality for effective internal control 2m 7s
- Exploring CC4.2 - COSO Principle 17: Timely evaluation and communication of internal control deficiencies for effective corrective action 2m 30s
- Exploring CC5.1 - COSO Principle 10: Selecting and developing control activities to mitigate risks to achieve acceptable levels 2m 56s
- Exploring CC5.2 - COSO Principle 11: Selecting and developing technology control activities for objective support 2m 20s
- Exploring CC5.3 - COSO Principle 12: Deploying control activities through policies and procedures for effective implementation 2m 27s
- Exploring CC6.1 - Implementing logical access security for protected information assets to meet objectives 3m 9s
- Exploring CC6.2 - Granting user access: Registering, authorizing, and administering system credentials 2m 22s
- Exploring CC6.3 - Removing user access: Role-based authorization, segregation of duties, and access modification 2m 14s
- Exploring CC6.4 - Securing physical access: Restricting facilities and protected information assets to authorized personnel 2m 37s
- Exploring CC6.5 - Safeguarding physical assets: Discontinuing protections in alignment with objectives 2m 22s
- Exploring CC6.6 - Strengthening logical access security: Safeguarding against external threats 2m 36s
- Exploring CC6.7 - Safeguarding information: Restricting transmission, movement, and removal to achieve objectives 2m 41s
- Exploring CC6.8 - Preventing and detecting unauthorized or malicious software: Controls for objective alignment 2m 58s
- Exploring CC7.1 - Detecting and monitoring procedures: Identifying configuration changes and vulnerabilities for objective alignment 2m 23s
- Exploring CC7.2 - Monitoring system components: Detecting anomalies and analyzing security events for objective fulfillment 2m 37s
- Exploring CC7.3 - Evaluating security events: Preventing and addressing failures to achieve objectives 2m 25s
- Exploring CC7.4 - Responding to security incidents: Executing an effective incident response program 2m 38s
- Exploring CC7.5 - Recovering from security incidents: Identifying, developing, and implementing effective recovery activities 2m 44s
- Exploring CC8.1 - Change management for objective alignment: Authorizing, designing, and implementing changes 2m 18s
- Exploring CC9.1 - Mitigating business disruption risks: Identifying, selecting, and developing risk mitigation activities 2m 33s
- Exploring CC9.2 - Managing vendor and business partner risks: Assessing and mitigating risks effectively 2m 53s
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- Exploring A1.1 - Managing processing capacity: Monitoring, evaluating, and enabling additional capacity for objective fulfillment 2m 28s
- Exploring A1.2 - Protecting environment, software, and data: Authorization, design, implementation, and monitoring for objective achievement 2m 39s
- Exploring A1.3 - Testing recovery plan procedures: Ensuring system recovery for objective fulfillment 2m 2s
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- Exploring C1.1 - Safeguarding confidential information: Identification and maintenance for objective alignment 2m 8s
- Exploring C1.2 - Confidential information disposal: Ensuring objective-driven confidentiality practices 1m 49s
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- Comprehensive guide to completeness and accuracy in SOC 2 auditing: Ensuring reliable and comprehensive evaluations 3m 14s
- Applying sample testing and attribute testing in SOC 2 audits 3m 7s
- Mastering comprehensive testing note documentation in SOC 2 audits: Enhancing clarity for effective review 3m 14s
- Reviewing and aligning section 3 and section 4 in SOC 2 audits: Ensuring consistency and cohesion for reliable assurance 2m 44s
- Exploring technical testing considerations in SOC 2 audits: Navigating cloud-based challenges and evaluating technical evidence 2m 34s
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- Next steps 39s
