SOC 1 Certification – Denver (CO)

Denver and Colorado 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. 

Denver SOC Expertise

Schneider Downs provides SOC examinations in Colorado 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 – Denver

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 Denver (CO)

Denver is known for its stunning natural surroundings, thriving cultural scene, and outdoor recreational opportunities. Some popular attractions in Denver include:

• The Denver Art Museum, which is a world-class art museum that features a collection of over 70,000 works of art from around the world.
• The Denver Botanic Gardens, which is a 24-acre garden that features a variety of plants and flowers, as well as art installations and seasonal events.
• The Red Rocks Park and Amphitheatre, which is a stunning natural amphitheater that hosts concerts, events, and fitness classes.
• The Denver Zoo, which is home to over 3,500 animals from around the world, including many endangered species.
• The Colorado State Capitol, which is a historic building that offers tours and stunning views of the city from its observation deck.

Denver has a semi-arid climate, with four distinct seasons. The average high temperature in the summer is around 88°F (31°C), while the average high temperature in the winter is around 45°F (7°C). The city receives an average of 57 inches of snow per year, mostly in the winter months, and an average of 15 inches of precipitation per year.

 

Contact Our Denver SOC 1 Examination Team

Schneider Downs provides SOC 1 examinations and readiness assessments to companies in Denver and across Colorado. 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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