SOC 2 Audits – Erie (PA)

SOC 2 Examinations

Erie and Pennslyvania 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.

Erie SOC 2 Audits

McKonly & Asbury provides SOC audits to companies in Erie, Pennslyvania 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 Erie (PA)

About Erie (PA)

The city of Erie, Pennsylvania, is home to a dynamic and resilient business community that has played a crucial role in shaping the city’s identity and driving its economic growth. With a rich history, diverse industries, and a commitment to innovation, Erie’s business community continues to evolve and thrive.

Erie’s business roots can be traced back to the 19th century when it emerged as a key port city on the shores of Lake Erie. The city’s strategic location along the Great Lakes and its access to water transportation made it a center for commerce and industry. While the shipping and manufacturing industries have faced challenges and changes over the years, they remain an integral part of Erie’s heritage.

One of the defining features of Erie’s business community is its adaptability. As the manufacturing sector transformed and modernized, Erie’s businesses diversified to embrace new opportunities. Today, the city’s economic landscape includes a wide range of industries, ensuring its resilience in the face of economic challenges.