SOC 1 report and SOFR: Difference between pages

Revision as of 12:52, 15 February 2018

US interest rate benchmarks.

SOFR is the Secured Overnight Financing Rate.

This is a broad treasuries repo financing rate, recommended as a benchmark by the ARRC of the Federal Reserve.

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-''Information technology - standards.''
+''US interest rate benchmarks''.
-A SOC 1 report covers Service Organization Controls. These are internal controls that are likely to be relevant to an audit of financial statements.
+SOFR is the Secured Overnight Financing Rate.
-A SOC 1 report is written documentation of the internal controls that are likely to be relevant to an audit of a customer’s financial statements.
+This is a broad treasuries repo financing rate, recommended as a benchmark by the ARRC of the Federal Reserve.
-SOC 1 is divided into Type 1 and Type 2 reports.
+==See also==
+*[[ARRC]]
+*[[Federal Reserve]]
+*[[LIBOR]]
+*[[Reference rate]]
+*[[Risk-free rates]]
+*[[Repo]]
+*[[Treasury]]
-*A Type 1 reports on a service organization’s suitability of design of controls on a specific date
-*A Type 2 reports on the effectiveness of the control design over a period of time.
+===Other links===
-== See also ==
+[[Media:Slaughter and May interest rate benchmarks.pdf| 2021: A Benchmark Odyssey, Practical Guidance for Treasurers on interest rate benchmarks, Slaughter and May]]
-* [[Information security management system]]
-* [[Internal control]]
-* [[ISO 27001]]
-* [[Risk management]]
-* [[Security]]
-[[Category:Accounting,_tax_and_regulation]]
+[[Category:Corporate_financial_management]]
-[[Category:Technology]]