Will I Pass or Fail the Audit
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During the audit process, your auditor will perform various tests, interviews, and observations to determine whether or not there is reasonable assurance that your organization has internal controls in place and operating effectively. Because there is no way to give absolute assurance that these internal controls are operating as intended, auditors must be able to give reasonable assurance that controls are in place and operating effectively.
When an auditor determines if there’s reasonable assurance, they’ll issue either a qualified or unqualified opinion. An unqualified opinion means there are no qualifications or significant exceptions being issued and reasonable assurance has been determined. On the other hand, if an auditor issues a qualified opinion, this means that there are exceptions. So, for example, “Except for control X, internal controls are in place, suitably designed, and operating effectively.” In cases where a qualified opinion is issued, we will list the specific aspects of your system that were not operating effectively in your SOC 1 audit report.
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KirkpatrickPrice is a licensed CPA firm, PCI QSA, and a HITRUST CSF Assessor, registered with the PCAOB, providing assurance services to clients in more than 48 states, Canada, Asia, and Europe. The firm has over 13 years of experience in information security and compliance assurance by performing assessments, audits, and tests that strengthen information security and internal controls. KirkpatrickPrice most commonly provides advice on SOC 1, SOC 2, PCI DSS, HIPAA, HITRUST CSF, GDPR, ISO 27001, FISMA, and CFPB frameworks.
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