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 (noun). an exclusive privilege formerly claimed by millers of grinding all the corn used within the manor or township which the mill stands. Origin: [AS. sc the power of holding court, sway, domain, properly, the right of investigating or seeking; akin to E. sake, seek.Sake, Seek, and cf.he lord's power or privilege of holding a court in a district, as in manor or lordship; jurisdiction of causes, and the limits of that jurisdiction. Soc (noun). liberty or privilege of tenants excused from customary burdens.