they research and offer financial advice for companies lend money and provide underwriting services insurance companies require payments for certain aspects of life such as homeowner ship and automobiles they offer packages based on activity and risk pooling the risks of groups with similar risks
The SOC1 (SSAE16 Type II) audit is widely recognized for the intensive scrutiny it puts service organizations through, in terms of their control activities related to information technology and related processes.
The Standard Occupational Classification System What is the SOC System? The Standard Occupational Classification (SOC) system was developed by agencies of the federal government in order to meet their need for a single job classification system to be used for all federal statistical reporting.The current, 2000, version of the SOC system, like past versions, is hierarchical.he Standard Occupational Classification (SOC) system was developed by agencies of the federal government in order to meet their need for a single job classification system to be used for all federal statistical reporting.