SOC 1 Certification – Washington DC

Washington DC 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. 

Washington DC SOC Expertise

Schneider Downs provides SOC examinations in Washington DC 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 – Washington DC

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 Washington DC

The City of Washington DC is the world’s destination. Home of all three branches of the federal government, international organizations, and some of the nation’s largest companies, the city naturally draws people from across the globe. The federal government is responsible for attracting organizations such as law firms, professional associations, and nonprofits, as well as nearly 200 international organizations and embassies. 25% of the city’s employees also work for federal governmental agencies. However, the federal government isn’t fully responsible for the enormous spike in the city’s daytime population during the workweek. The city’s diversified economy is growing, especially in industries such as finance, education, research, and public policy. In fact, according to the 2021 Global Financial Centre’s Index, the city’s financial district scored fourth most competitive in the country and 14th most competitive in the world.  

National Reach

Schneider Downs provides SOC 1 reports and certifications to companies located across the United States including those in Austin (TX), Boise (ID), Boston (MA), Charleston (SC), Chicago (IL), Denver (CO), New York (NY),  Seattle (WA), Washington DC, Baltimore (MD), and Phoenix (AZ).

Contact Our Washington DC SOC 1 Examination Team

Schneider Downs provides SOC 1 examinations and readiness assessments to companies in Washington DC. 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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