SOC Reporting Sample Clauses
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SOC Reporting. In the event that Contractor is providing software as a service, Contractor shall submit to University annually the Service Organization Controls (SOC) reports for Contractor known as SOC I, SOC 2, and SOC 3, if the Contractor has such reports in its possession.
SOC Reporting. The SOC shall meet monthly to review the above-referenced reports and the status of the Covered Assets (including, without limitation, actions taken in accordance with GAAP). The SOC (through one of its members) will report at least quarterly to the Audit and Risk Management Committee of the Board on the status of the Covered Assets generally and on matters approved by the SOC since the last report to the Audit Committee, as well as compliance with the governance and asset management procedures set forth in the Program Documents. A copy of this report will be delivered to the U.S. Federal Parties.