Auditing Cases 6th Edition by Mark Beasley,Frank Buckless,Steven Glover,Douglas Prawitt

Exercise 6

Most likely the bank marketed similar smartcard services to other businesses unrelated to EverBank Field and the Jacksonville Jaguars. As a result, the bank's host computer functioned much like a service center organization for those businesses, as the bank's computer servers processed transactions captured by smartcards for all types of businesses. Recently the AICPA issued new guidance for CPAs to provide assurance reports on controls at service centers. Visit the AICPA's website (www.aicpa.org) to learn about the SOC Report services to answer the following questions:
[a] What is the primary focus of a Service Organization Control Report provided by CPAs
[b] What types of SOC Reports may CPAs provide
[c] Which professional standards provide the basis for SOC Reports