SOC 1 Certifications
Your organization requires a SOC 1 report to win and retain business. SOC 1 report assessments take your New York City business to the next level by giving your customers assurance that you have the essential internal controls in place to protect the data that could affect their financial reporting. A SOC 1 report also serves as a solid tool that will help your customers comply with financial laws and regulations, improve adherence to corporate responsibilities, and combat corporate and accounting fraud; as a SOC 1 provides an easily accessible report of your processes to create transparency, trust, and assurance. One added benefit of a SOC 1 report is that it helps boost trust and confidence in your organization among stakeholders.
New York SOC Report Experience
Our firm provides SOC 1 Type 1 and SOC 1 Type 2 audit services to businesses in New York City and across New York. This typically includes third-party administrators, payroll providers, collection companies, data centers, ACH processors, managed service providers, and a host of healthcare service companies. Our team has years of experience conducting SOC audits to meet management’s needs. The result is a proactive and streamlined audit process that confirms the company’s compliance with best practices.
New York SOC 1 Audits
Organizations across the board, including publicly traded companies, private companies, and not-for-profits may require verification that the third-party data security experts who work on their financial statements operate under a strong set of internal controls. These verifications come in the form of various levels of System and Organization Controls (SOC) reports. The reports assure your clients and prospective clients that your internal controls are secure. Examples of service companies that may require such reports include data center companies, loan servicing companies, medical claims processors, and payroll processors.
SOC 1 reports, also known as the Statement on Standards for Attestation Engagements (SSAE) 18, focus on your organization’s business processes and IT controls. Any that are likely to be relevant to an audit of your customers’ financial statements are documented in the report.
There are two types of SOC reports:
- SOC 1 Type 1 Reports – These reports are designed to test the design of the organization’s systems and how effectively they meet control objectives on a certain date.
- SOC 2 Type 2 Reports – This report identifies if the organization’s internal controls are designed and operating effectively based on control objectives.
- Readiness Assessments – PBMares offers an assessment designed to identify whether an organization is ready to successfully complete a SOC 1 examination. Our team identifies areas of strength, weakness, and the improvements which need to be made to comply with SOC 1 standards.
Map of New York City (NY) – 10004
Contact Our New York SOC Auditors
PBMares provides SOC 1 audits and reports to companies in New York City and across New York. If you are interested in learning how we can assist your organization, complete the form below and a team member will follow up with you promptly.
About the New York City (NY) Business Community
New York City has one of the largest and most influential business communities in the world, driven by its status as a global financial hub. Wall Street anchors its financial sector, while industries like media, technology, fashion, healthcare, real estate, and tourism also thrive. The city is home to numerous Fortune 500 companies, startups, and international corporations, supported by its diverse, highly skilled workforce and unmatched infrastructure. New York’s cultural institutions, innovation hubs, and international connectivity further fuel its dynamic economy. The city’s business climate is fast-paced and competitive, but its accessibility, entrepreneurial spirit, and opportunities for networking make it a key destination for companies and talent across industries. The area codes used in New York City (NY) are: 212, 332, 347, 646, 718, 917, and 929.