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.
SOC: Statement Of Charge (American Express) SOC: Service Order Change: SOC: Service Order Control: SOC: Service Officiel de ContrÃ´le et Certification (French: Official Service for Control and Certification) SOC: Small Order Charge (retail policy) SOC: Stentor Operating Company (Canadian telecommunications) SOC: Settlement Officer Conference (family law) SOC