A Type 1 Systems Audit report assesses whether the description of the Innovative Technology Arrangement is fairly presented and whether controls are suitably designed to meet the applicable criteria (i.e. relates to new technology). A Type 2 Systems Audit report contains the same opinions expressed in a Type 1 report and also includes an opinion on the operating effectiveness of the controls during the period covered by the audit (i.e. relates to technology that has already been audited).