From the course: Advanced SOC 2 Auditing: Proven Strategies for Auditing the Security, Availability and Confidentiality TSCs

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Exploring CC3.4 - COSO Principle 9: Evaluating changes that significantly impact the internal control system

Exploring CC3.4 - COSO Principle 9: Evaluating changes that significantly impact the internal control system

From the course: Advanced SOC 2 Auditing: Proven Strategies for Auditing the Security, Availability and Confidentiality TSCs

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Exploring CC3.4 - COSO Principle 9: Evaluating changes that significantly impact the internal control system

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- [Instructor] Welcome to our exploration of CC3.4. Today, we will navigate through COSO Principle 9, emphasizing the significance of identifying and assessing impactful changes on the system of internal control. COSO Principle 9 emphasizes the importance of pinpointing and evaluating changes, whether external or internal, that could profoundly influence the system of internal control. There are a few points of focus in the COSO framework for us to consider. The first being external environment changes. Recognizing alterations in the regulatory, economic, and physical arenas where the organization operates is critical. Additionally, business model adjustments. Consider the ramifications of introducing new business lines, modifications to existing lines, rapid expansion and technology advancements. And lastly, leadership changes. Reflect upon changes in management and the respective philosophies and attitudes towards the internal control system. Under CC3.4, it's pivotal to show the…

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