SOC 2 Examinations – Cherry Hill (NJ)
SOC 2 Audits – Cherry Hill (NJ)
SOC 2 Examinations
Cherry Hill and New Jersey business owners need to ensure sensitive data is protected, especially when it comes to the financial and personal identification information (e.g. social security numbers) of customers and clients. Ensuring there are robust internal controls and cybersecurity policies and practices 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, in the case of contract renewals, continuing these relationships. 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.
Cherry Hill SOC 2 Audits
McKonly & Asbury provides SOC audits to companies in Cherry Hill, New Jersey and beyond. 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, payroll providers, and more. 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 is applicable 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 the requirements of your customers. 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 the requirements of your customers. A SOC 2 Type II audit report contains the same core components as a Type I, but 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 Cherry Hill (NJ) – 08002
About Cherry Hill (NJ)
Cherry Hill, New Jersey, is a vibrant and diverse business community characterized by a mix of small businesses, regional offices, and national corporations. Known for its strategic location near Philadelphia and access to major highways, Cherry Hill attracts a range of industries, including retail, healthcare, technology, finance, and hospitality.
The Cherry Hill Mall, one of the first enclosed malls in the U.S., remains a commercial hub and draws significant foot traffic that benefits surrounding businesses. Local government and economic development groups work actively to support business growth, providing resources for startups and established companies alike. The area also has a strong healthcare presence with institutions such as Jefferson Health and Cooper University Health Care providing jobs and services to the community.
Cherry Hill’s office parks house various professional firms, from law and accounting to tech and consulting. Overall, the business environment in Cherry Hill is both dynamic and community-oriented, with a focus on economic development, workforce support, and an increasing push toward sustainability and innovation.