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SOC 2 Examinations – Allentown (PA)

SOC 2 Audits – Allentown (PA)

 

SOC 2 Examinations

Allentown and Pennslyvania business owners need to protect sensitive data, especially regarding the financial and personal identification information (e.g. social security numbers) of customers and clients. Ensuring robust internal controls and cybersecurity policies and practices are in place to protect against a breach is essential. Increasingly, many clients and customers are asking their vendors for a Systems Organization Control (SOC 2) Audit Report as a condition for doing business with them or continuing these relationships in the case of contract renewals. A SOC 2 Report is an opinion on the effectiveness and design of an organization’s internal controls that meet the AICPA Trust Services Criteria. In essence, it is a statement verifying the effectiveness of an organization’s risk management efforts to protect the information of its customers and clients.

Allentown SOC 2 Audits

McKonly & Asbury provides SOC audits to Allentown, Pennslyvania, and beyond companies. Typically, we work with organizations that use or store sensitive financial and personal data that cybercriminals want. Our clients include data centers, loan servicing companies, insurance companies, medical claims processors, and payroll providers. Broadly, any 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 applies to their needs. There are two types of SOC 2 audits:

  • SOC 2 Type I – A SOC 2 Type I report is an opinion on management’s description of a service organization’s system and the suitability of their design of controls that meet the AICPA’s Trust Service Criteria for Security. It can also address Availability, Processing Integrity, Confidentiality, and/or Privacy, depending on your customers’ requirements. The report is made up of the auditor’s opinion, management’s assertion on the presentation and design of the controls, a description of the service organization’s systems and controls, and a listing of the organization’s controls. The SOC 2 Type I audit report differs from the SOC Type II in that the former covers ONLY the suitability of the design and addresses ONLY at one specific point in time.
  • SOC 2 Type II – A SOC 2 Type II report is an opinion on management’s description of a service organization’s system and the suitability of the design and operating effectiveness of controls that meet the AICPA’s Trust Service Criteria for Security. Similar to a SOC 2 Type I, this report can also address Availability, Processing Integrity, Confidentiality, and/or Privacy, depending on your customers’ requirements. A SOC 2 Type II audit report contains the same core components as a Type I. Still, Type II is expanded to include the procedures used by the auditor to test the stated controls and the results of such tests over a defined period, rather than a single point in time.

Map of Allentown (PA)

About Allentown (PA)

The manufacturing sector has deep roots in Allentown, with companies producing various products, including machinery, chemicals, and electronics. In recent years, the city has seen a resurgence in advanced manufacturing, with a focus on automation and technology integration. This modernization has preserved existing jobs and attracted new businesses looking to leverage Allentown’s skilled workforce and favorable business environment.

Agriculture is another significant contributor to Allentown’s economy, thanks to the fertile lands of the Lehigh Valley. Local farmers and food producers have capitalized on this natural resource, contributing to the city’s growing food and beverage industry. Allentown’s agribusinesses are crucial in connecting residents with locally sourced products, from farm-to-table restaurants to craft breweries and farmers’ markets.

 

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McKonly & Asbury remotely provides SOC 2 Audit services to businesses in Allentown from our Pennsylvania office locations. Interested in learning more about the SOC 2 audit services offered to companies in Allentown and Pennslyvania. Complete the form below, and we will follow up with you shortly.

 

 

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