SOC 2 Audits – Little Rock (AR)
SOC 2 Examinations
Little Rock and Arkansas 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.
Little Rock SOC 2 Audits
McKonly & Asbury provides SOC audits to companies in Little Rock, Arkansas, 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 Little Rock (AR)
About Little Rock (AR)
The Little Rock business community is a dynamic and resilient ecosystem that fuels economic growth, innovation, and community development in Arkansas’s capital city. Known for its southern charm, rich history, and strong business-friendly environment, Little Rock has cultivated an environment that supports diverse industries, entrepreneurship, and collaboration.
One of the defining features of the Little Rock business community is its diverse economy. The city is home to a wide range of industries, including healthcare, government, education, technology, manufacturing, and finance. Little Rock serves as a regional hub for healthcare, with major hospitals, research institutions, and medical centers offering top-quality medical services to the community and beyond. This concentration of healthcare expertise contributes to the local economy and provides a skilled workforce in the sector.
Moreover, Little Rock has a growing technology and innovation sector. The city has witnessed the emergence of tech startups, software development companies, and technology-focused incubators that support entrepreneurship and foster innovation. Organizations such as the Little Rock Technology Park provide resources, mentorship, and collaborative spaces for startups and tech companies to grow and thrive.
McKonly & Asbury provides SOC 2 Audit services remotely to businesses in Little Rock from our Pennsylvania office locations. Interested in learning more about the SOC 2 audit services offered to companies in Little Rock and Arkansas. Complete the form below and we will follow up with you shortly.