SOC 1 Certification – Austin (TX)

Austin and Texas business owners need to ensure sensitive data is protected, especially as it relates to the financial information of customers.  Organizations also continue to face pressure from regulators and customers to demonstrate that adequate controls are in place with respect to processing transactions and internal controls over financial reporting. Government regulations, such as Section 404 of the Sarbanes-Oxley Act of 2002 (SOX 404) stress the need for effective internal controls. Ensuring the company has robust internal controls and policies and practices in place is essential. In fact, many may expect to see a System and Organization Controls (SOC) report before doing business with a company. This examination (often referred to as a “SOC 1 audit”) verifies that the controls, processes, and procedures have been tested and indicates whether controls are effective. 

Austin Atlanta SOC Expertise

Schneider Downs provides SOC examinations in Texas and nationwide to 150 companies annually in a variety of industries. Typically, we work with organizations that use or store sensitive financial and other data that cybercriminals may want. Some examples of the clients we serve include Software-as-a-Service (SaaS) companies, data centers, IT-managed service providers, mortgage and loan servicing companies, medical claims processors, payroll companies, and inventory management and logistics providers. Our diverse range of experience permits us to understand the company more easily, its risk profile, areas of exposure, and important testing variables.

SOC 1 Examinations – Austin

Schneider Downs is recognized as a premier provider of SOC services including:

• SOC Readiness Assessments - These assessments assess an organization’s preparedness for a successful SOC 1 examination.
• SOC 1 Examinations - These examinations focus on an organization’s business processes and IT controls, particularly those that are likely to be relevant to an audit of customers’ financial statements. There are two types of SOC 1 reports: Type 1 reports evaluate the design of an organization’s controls. Type 2 reports test whether an organization’s controls are properly designed and implemented.

 

About Austin (TX)

Austin is known for its thriving music, food, and arts scenes, as well as its beautiful natural surroundings. Some popular attractions in Austin include:

• The Texas State Capitol, which is a historic building that houses the offices of the Governor, Lieutenant Governor, and Texas Legislature.
• The Barton Springs Pool, which is a popular outdoor swimming pool fed by natural springs.
• The Lady Bird Johnson Wildflower Center, which is a botanical garden that showcases the native plants of Texas.
• The Blanton Museum of Art, which is a world-class art museum that features a collection of over 18,000 works of art from around the world.
• The Congress Avenue Bridge, which is home to the largest urban bat colony in North America and offers nightly bat-watching tours.

 

Contact Our Austin SOC 1 Examination Team

Schneider Downs provides SOC 1 examinations and readiness assessments to companies in Austin and across Texas from our Pittsburgh location. If you are interested in learning how we can assist your organization, complete the form to the right and a team member will follow up with you promptly.

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