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.
This page contains a technical definiton of SoC. It explains in computing terminology what SoC means and is one of many hardware terms in the TechTerms dictionary. All definitions on the TechTerms website are written to be technically accurate but also easy to understand.