SOC 1 Examinations – Santa Fe (NM)
SOC 1 Audits – Santa Fe (NM)
SOC 1 Examinations
Santa Fe and New Mexico 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.
Santa Fe SOC Audits
McKonly & Asbury provides SOC audits to companies in Santa Fe and New Mexico. 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 Santa Fe (NM) – 87505
About the Santa Fe (NM) Business Community
Santa Fe, New Mexico, has a distinctive business community shaped by its rich cultural heritage, emphasis on sustainability, and growing focus on innovation. Known for its arts scene and historical significance, the city’s economy is deeply tied to tourism, with local businesses thriving in hospitality, galleries, crafts, and boutique retail. In recent years, Santa Fe has attracted a growing number of entrepreneurs and startups, particularly in sectors such as tech, clean energy, and sustainable agriculture. The city’s commitment to environmental responsibility has fostered an ecosystem of green technologies and sustainable design. Santa Fe also benefits from its role as a regional center for government and public services, as the state capital, offering opportunities in public administration and policy. The presence of institutions like the Santa Fe Community College and the Museum of International Folk Art contribute to the economy, providing educational and cultural experiences that draw visitors and support local industries. Despite its relatively small size, Santa Fe’s business community is marked by a strong sense of local collaboration and a focus on quality of life, which makes it an attractive location for those looking to combine professional growth with a connection to nature and the arts. The city’s blend of innovation, tradition, and sustainability has made it a unique and appealing environment for a wide variety of businesses. The area code used in Santa Fe (NM) is 505.
Contact Us
McKonly & Asbury provides SOC 1 Audit services remotely to businesses in Santa Fe from our Pennsylvania office locations. Interested in learning more about the SOC 1 audit services offered to companies in Santa Fe and New Mexico? 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).