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SOC 2 Audits – Las Vegas (NV)

SOC 2 Examinations

Las Vegas and Nevada 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.

Las Vegas SOC 2 Audits

McKonly & Asbury provides SOC audits to companies in Las Vegas, Nevada, 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 Las Vegas (NV)

About Las Vegas (NV)

The hospitality and tourism industry is a driving force in the Las Vegas business community. The city is renowned for its world-class hotels, resorts, casinos, and entertainment venues that attract millions of visitors from around the globe. The hospitality sector supports a wide range of businesses, including restaurants, event planners, transportation services, and retail establishments, contributing significantly to the local economy and job creation.

Beyond tourism, Las Vegas has a growing technology and innovation sector. The city has made significant strides in diversifying its economy by attracting technology startups, establishing innovation hubs, and fostering a supportive entrepreneurial environment. Initiatives such as co-working spaces, incubators, and accelerators provide resources and mentorship to help startups and entrepreneurs thrive. Las Vegas’ technology sector spans areas such as gaming technology, digital media, cybersecurity, and artificial intelligence, contributing to the city’s economic transformation and attracting skilled professionals.