Common use of Alternative Reporting Clause in Contracts

Alternative Reporting. If Service Provider currently has a compliance examination or an annual data security audit performed by an independent auditor or otherwise accredited entity which addresses the scope of services being provided to FBL, and if that audit conforms to standards comparable to a SOC 2 Audit, the FBL security team will determine whether such examinations, audits, or reports may be accepted in lieu of a SOC 2 Audit.