SOC Tip #2

Controls that satisfy criteria for the security, availability, confidentiality, and processing integrity principles will often overlap with controls within an entities SOC report 1, affording the opportunity to test controls once, but to have the testing to apply to both reports.

Overview: Buy-Side Due Diligence

For years, buy-side due diligence has been an important step during any merger or acquisition (M&A) process, mainly because it helps a prospective owner gain a complete picture of the transaction.

A Closer Look: Deductibility of Intangible Drilling Costs

As the phrase implies, intangible drilling costs (IDC) include the expenses of designing, fabricating, preparing or drilling a well site prior to actual oil and gas production.

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