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SOC 1 Examinations – Indianapolis (IN)

SOC 1 Audits – Indianapolis (IN)

 

SOC 1 Examinations

Indianapolis and Indiana 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.

Indiana SOC Audits

McKonly & Asbury provides SOC audits to companies in Indianapolis and Indiana. 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.

Industry Involvement

Map of Indianapolis (IN) – 46202

About the Indianapolis (IN) Business Community

City of Indianapolis IN LogoIndianapolis, Indiana, boasts a diverse and robust business community, driven by key industries such as manufacturing, healthcare, technology, logistics, and sports. Known as a major hub for industries like life sciences and advanced manufacturing, the city is home to a number of large, influential companies like Eli Lilly, Cummins, and Salesforce, which help anchor its economy. The presence of these companies, along with a strong entrepreneurial spirit, supports a vibrant ecosystem that fosters innovation and economic growth.

Indianapolis is also recognized for its strengths in logistics and distribution, thanks to its strategic location at the crossroads of major interstate highways. This makes it an ideal place for businesses involved in transportation and warehousing, with companies like FedEx and Amazon establishing significant operations in the area. In addition to logistics, the city’s healthcare sector is another major driver, with world-class hospitals and medical research institutions fueling the city’s status as a leader in the life sciences industry. The area code used in Indianapolis (IN) is 317.

Contact Us

McKonly & Asbury provides SOC 1 Audit services remotely to businesses in Charlotte from our Pennsylvania office locations. Interested in learning more about the SOC 1 audit services offered to companies in Indianapolis and Indiana? 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)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).