SOC 1 Certification – New York City (NY)

New York and New York City 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. 

New York SOC Expertise

Schneider Downs provides SOC examinations in New York City 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 –  New York

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 New York City (NY)

With a population of over 8.3 million people, it is a global hub for finance, culture, media, and entertainment. Some popular attractions in New York City include:

• The Statue of Liberty, which is a world-famous landmark and symbol of freedom and democracy.
• Times Square, which is a bustling commercial and entertainment district that is known for its bright lights and billboards.
• The Empire State Building, which is a skyscraper that offers stunning views of the city from its observation deck.
• The Metropolitan Museum of Art, which is one of the largest and most comprehensive art museums in the world, with over 2 million works of art from around the globe.
• Central Park, which is a vast urban park that offers a variety of recreational activities, including jogging, picnicking, and ice-skating.

New York City has a humid subtropical climate, with hot, humid summers and cold winters. The average high temperature in the summer is around 84°F (29°C), while the average high temperature in the winter is around 39°F (4°C). The city receives an average of 49 inches of precipitation per year, with most of it falling as rain in the summer months.

Contact Our New York City SOC 1 Examination Team

Schneider Downs provides SOC 1 examinations and readiness assessments to companies in New York City and across New York. 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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