- What does soc sec for ins mean on check
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What does soc sec for ins mean on check
You are probably getting this one-time check as a catch up and your future monthly payments should be larger now. Cash the check and enjoy. I got one about the beginning of October 2012, sat on it a while out of disorganization then got curious as to whether it was from the IRS (you paid too much in taxes-here's your money back! ) or Social Security, and looked closer. This little phrase 'Soc Sec for Ins' has probably the same meaning as "miscellaneous". Maybe "Social Security for Insured, " as in "this check is for you. " "SS Back Payment" would have been clearer. That's my guess. 01-27-2013, 09:04 AM
#10
I got a check dated 01-18-13 from the U. S. Treasury, Kansa City, MO. The notation on it reads: SOC SEC FOR INS. I am a Canadian that worked in both countries. Back in July 2012 I applied for benefits under the US/Canada Totalization Agreement. So I figured (maybe just guessing) that the notation means a US Treasury Account out of which the money is paid. To me the SOC SEC FOR INS means: Social Security for a person that is registered under the Immigration and Naturalization Services and lives out of the US.
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A service organization supports the processes their clients have outsourced to them. A continued trend in business outsourcing has resulted in some financially relevant processes being outsourced. For example, ADP provides payroll outsourcing to its clients. Rather than attempt to provide payroll services internally, a company may choose to focus on their unique product offering and outsource payroll to ADP. When a service organization can make an error (unintendedly or intendedly), and it can impact the financials of the company's clients, the company may be requested to have a SOC 1 that covers the services provided by the service organization. SOC 1 service organizations are the outsourcing providers that can materially impact the financials of their clients. Are SOC 1 Reports Mandatory? SOC 1 reports may be required by your clients or investors if your company provides a service that may impact your client's internal controls over financial reporting ( ICFR). Depending on the industry your company operates in and the risk associated with the service you are providing, a SOC 1 can demonstrate you have certain IT general controls as well as business process-related controls (e. g., reconciliations, transaction authorizations) to support the achievement of control objective statements.
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