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Type 1 and Type 2 report

This topic has 1 reply, 2 voices, and was last updated 6 years ago by MikeLittle.

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February 28, 2018 at 8:55 am #439321
royalringo
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Regarding the assessment of service organisation’s control, what is the purpose of obtaining Type 1 report where we can obtain a Type 2 report that provides a description of the efficiency of internal control rather than just describing the internal control implemented (type 1 report)?
February 28, 2018 at 12:05 pm #439376
MikeLittle
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A type 2 report may not be available due to cost constraints – they are rather more expensive than type 1 reports
I could see the situation where a type 1 report is provided every year and a type 2 report provided every, say, third year
Does that satisfy you?
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