SOC 2 Audits – Cincinnati (OH)
SOC 2 Examinations
Cincinnati and Ohio 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.
Cincinnati SOC 2 Audits
McKonly & Asbury provides SOC audits to companies in Cincinnati, Ohio 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 Cincinnati (OH)
About Cincinnati (OH)
Cincinnati’s business scene is as varied as the neighborhoods that define the city. From manufacturing and logistics to healthcare, technology, and creative ventures, the city’s economy is a testament to its adaptability and ability to embrace change. Historically known for its industrial might, Cincinnati has transformed over the years, welcoming innovation and entrepreneurship with open arms. This transformation is evident in the Over-the-Rhine district, where historic buildings house startups, boutiques, and art galleries, encapsulating the city’s ability to blend heritage with modernity.
The Cincinnati business community is defined by its interconnectedness. Organizations like the Cincinnati USA Regional Chamber foster collaboration and networking, cultivating an environment where partnerships are forged and ideas are shared. The city’s legacy of collaboration dates back to its role as a river trade hub, where businesses relied on each other to thrive.
Education is a driving force, with institutions like the University of Cincinnati contributing to research, talent development, and technological advancements. This academic foundation feeds the city’s innovation engine and ensures a pipeline of skilled professionals.
McKonly & Asbury provides SOC 2 Audit services remotely to businesses in Cincinnati from our Pennsylvania office locations. Interested in learning more about the SOC 2 audit services offered to companies in Cincinnati and Ohio. Complete the form below and we will follow up with you shortly.