SOC 1 Examinations – Des Moines (IA)
SOC 1 Audits – Des Moines (IA)
SOC 1 Examinations
Des Moines and Iowa business owners need to ensure sensitive data is protected, especially when it comes to financial and identification information (i.e. social security numbers) of customers. Ensuring there are robust internal controls and cybersecurity policies and practices in place to protect against a breach is essential. In fact, many customers may expect to see a Service Organization Control (SOC) Audit report before doing business with a service provider. This audit verifies that the tools, processes, and procedures have been tested and are effective. Some may desire a SOC 1 audit, while others will obtain more value from a SOC 2 audit or SOC 3 audit. Whatever the desired level of assurance, it’s important to work with an experienced provider to drive the process.
Des Moines SOC Audits
McKonly & Asbury provides SOC audits to companies in Des Moines and Iowa. Typically, we work with those that use or store sensitive financial and other data that cybercriminals may want. Some examples include data center companies, loan servicing companies, medical claims processors, and payroll companies. Broadly, any service organization that provides services to customers that directly impact the customer’s financial statements would be a candidate for such a report. Service organizations should evaluate their needs along with their customers’ reporting needs prior to determining the type of SOC report that is applicable to their needs. There are two types of SOC 1 audit, including:
- SOC 1 Type I – These reports are defined as a report on the fairness of the presentation of management’s description of a service organization’s system and the suitability of the design of controls to meet the related control objectives. SOC 1 Type I examinations focus on the service organization’s system narrative, as well as the design effectiveness of the controls within the system, and are focused on the system and controls in place at a specific point in time.
- SOC 1 Type II – These reports are defined as a report on the fairness of the presentation of management’s description of a service organization’s system and the suitability of the design and operating effectiveness of controls to achieve the related control objectives. SOC 1 Type II examinations differ from the Type I examination since the reports include an opinion on the operating effectiveness of the controls, in addition to the design effectiveness covered in Type I.
Map of Des Moines (IA) – 50309
About the Des Moines (IA) Business Community
Des Moines, Iowa, has developed into a vibrant and diverse business hub, recognized for its strong presence in finance, insurance, and agriculture. The city is often referred to as a major financial center, with companies like Principal Financial Group and Nationwide Insurance anchoring the local economy. This strong financial sector has paved the way for Des Moines to attract a range of other industries, including technology, healthcare, and manufacturing, creating a well-rounded business landscape.
In addition to its established sectors, Des Moines has seen growth in emerging industries, particularly in technology and innovation. The city has become increasingly attractive to startups, especially those focused on tech and software development, due to its low cost of living and supportive entrepreneurial ecosystem. Local incubators and co-working spaces, as well as access to capital, have made it easier for entrepreneurs to launch and scale businesses. The area code used in Des Moines (IA) is 515.
Contact Us
McKonly & Asbury provides SOC 1 Audit services remotely to businesses in Houston from our Pennsylvania office locations. Interested in learning more about the SOC 1 audit services offered to companies in Des Moines and Iowa? Complete the form below and we will follow up with you shortly.
National Reach
McKonly & Asbury also provides SOC 1 Examinations for businesses and organizations at the following locations: Baltimore (MD), Boston (MA), Chicago (IL), Dallas (TX), Denver (CO), Indianapolis (IN), Las Vegas (NV), Los Angeles (CA), Memphis (TN), Miami (FL), New Orleans (LA), New York City (NY), Portland (OR), Richmond (VA), Salt Lake City (UT), and Seattle (WA).