SOC 1 Examinations – New York City (NY)

SOC 1 Audits – New York City (NY)

SOC 1 Examinations

New York City and New York 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.

New York City SOC Audits

McKonly & Asbury provides SOC audits to companies in New York City and across New York. 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 New York City (NY) – 10004

About the New York City (NY) Business Community

New York City has one of the most dynamic and diverse business communities in the world, serving as a global hub for finance, technology, media, fashion, real estate, and many other industries. The city is home to Wall Street, the center of the global financial industry, and is a critical node in international trade and commerce. Beyond finance, NYC’s tech sector has experienced rapid growth, with the city becoming a key destination for startups, venture capital investment, and tech talent, especially in areas like artificial intelligence, fintech, and digital media. The media and entertainment industries are also major contributors to the city’s economy, with companies like NBC, CBS, and countless advertising and publishing firms calling New York home. In addition to these established industries, the city’s entrepreneurial scene is thriving, with a diverse range of small businesses and startups across many fields. New York’s vast transportation infrastructure, top-tier universities, and large talent pool make it an ideal environment for both global corporations and small enterprises. The city’s commitment to innovation, paired with its rich history of industry leadership, continues to attract investment and entrepreneurs from around the globe. Despite challenges like high operating costs and competition, New York’s business community remains resilient and continues to adapt to evolving global trends. The area codes used in New York City (NY) are 212, 332, 347, 646, 718, 917, and 929.

Contact Us

McKonly & Asbury provides SOC 1 Audit services remotely to businesses in New York from our Pennsylvania office locations. Interested in learning more about the SOC 1 audit services offered to companies in New York City and across New York? Complete the form below and we will follow up with you shortly.

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), Portland (OR), Richmond (VA), Salt Lake City (UT), and Seattle (WA).