Elegant Soc 1 Bridge Letter Template. A soc bridge letter is an important document made available by a service organization to cover a period of time between the reporting period end date of the current soc report and the release of a new report. Bridge letters can only be created looking back.
We have seen both extremely complex bridge letters and ones that are so simple that they do not meet the requirements of user entities. What is a bridge letter? This bridge letter covers to the date:
Bridge letters are intended to cover the gap between the end date of the referenced report and the issue date of the bridge letter. Web soc 1 bridge letter template. The outsourcing of tasks or functions to service providers continues to evolve as entities look for ways to reduce costs and streamline operations.
If service organizations are unsure of what to include in their bridge letter or what it should look like, they should consult their service auditor. A soc bridge letter is an important document made available by a service organization to cover a period of time between the reporting period end date of the current soc report and the release of a new report. What is a bridge letter?
Web contents what is a bridge letter? For instructions on how to access audit reports, see audit documentation. This bridge letter covers to the date:
If services organizations are unknown are what to include into their bridge letter or what it should look like, they should consult their help auditor. What is required in a soc 2 bridge letter? Once a bridge letter starts to extend beyond three months, engagement teams should ensure that management is.
Web bridge letter or gap letter as we call it is an essential document issued to you (service organization) to ensure your clients that you are compliant to soc1 or soc2 requirement even during the interim period between the expiry of previous years soc report and the release of new soc report. Web posted on may 18, 2021 by melissa lomeli. Web for the engagement team’s assessment over the bridge letter obtained by management, the pcaob has generally accepted a bridge letter to cover a period up to three months since the end of the last soc 1 report period.
