Which of the following is correct concerning service auditor and SysTrust reports?
A)They both result in restricted use reports.
B)A client must engage the CPA to perform both services as neither may be selected independently of the other.
C)They both address system reliability.
D)They represent different names for the same service.

Question

Quizplus · Accepted Answer

Both service auditor and SysTrust reports address system reliability, but they differ in their scope and focus. Service auditor reports focus on the design and effectiveness of controls related to financial reporting. SysTrust reports evaluate the system's security, availability, processing integrity, confidentiality, and privacy. Restriction on use depends on the terms of the engagement and report's scope. A client can engage the CPA to perform either service independently, or both together, but they are not a packaged service.

Which of the Following Is Correct Concerning Service Auditor and SysTrust