SOC 1 Reports Clause Samples
The SOC 1 Reports clause requires a service provider to furnish reports that detail the effectiveness of their internal controls over financial reporting. Typically, these reports are prepared by independent auditors and are shared with clients to demonstrate that the provider’s systems and processes meet established standards for safeguarding financial data. This clause helps clients assess and manage risks related to outsourcing financial operations, ensuring transparency and compliance with regulatory requirements.
POPULAR SAMPLE Copied 3 times
SOC 1 Reports. The Transfer Agent will furnish to the Trust, on a semi-annual basis, a SOC 1 (Type 2) Report in accordance with the Auditing Standard Board, Attestation Standards -AT Section 801, as well as such other reports and information relating to the Transfer Agent’s policies and procedures, as the parties may mutually agree upon.
SOC 1 Reports. Section 11 of the Agreement is hereby amended by deleting Section 11.5 in its entirety and replacing it with the following:
SOC 1 Reports. The Transfer Agent will furnish to the Fund, on a semi-annual basis, a SOC 1 (Type 2) Report in accordance with the Auditing Standard Board, Attestation Standards -AT Section 801, as well as such other reports and information relating to the Transfer Agent’s policies and procedures, as the parties may mutually agree upon.
SOC 1 Reports. DST AMS will furnish to the Trust, on a semi-annual basis, a SOC 1 (Type 2) Report in accordance with the Auditing Standard Board, Attestation Standards -AT Section 801, as well as such other reports and information relating to DST AMS’ policies and procedures, as the parties may mutually agree upon.