In today’s global business environment, outsourcing has become a standard operating procedure for many companies – both large and small. Three new service organization reports, SOC1SM, SOC2SM and SOC3SM, have been developed to replace the old SAS 70 reporting. This seminar will provide you with a comprehensive review and application of the new authoritative standards and other guidance for dealing with service organizations. Understand the new service organization reporting frameworks, when to apply them, and the risks associated with an entity’s outsourcing of business functions to a service provider.