Question
How does SSAE No. 21 affect SOC 1 and SOC 2 engagements?
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Answer
It does not materially change them; SOC 1 remains under SSAE No. 18.
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Question
Why are SOC engagements classified as attestation examinations?
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Answer
Because the practitioner examines a management assertion and reports an opinion.
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Question
What two prerequisites must exist for a SOC engagement?
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Answer
Auditor independence and a management assertion.
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Question
Why is SSAE No. 18 still the governing standard for SOC 1 engagements?
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Answer
SOC 1 continues under AT-C 320; SSAE No. 21 did not supersede it.
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