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Chicago and Illinois business owners need to ensure sensitive data is protected, especially as it relates to financial information of customers. Organizations also continue to face pressure from regulators and customers to demonstrate that adequate controls are in place with respect to processing transactions and internal controls over financial reporting. Government regulations, such as Section 404 of the Sarbanes-Oxley Act of 2002 (SOX 404) stress the need for effective internal controls. Ensuring the company has robust internal controls and policies and practices in place is essential. In fact, many may expect to see a System and Organization Controls (SOC) report before doing business with a company. This examination (often referred to as a “SOC 1 audit”) verifies that the controls, processes, and procedures have been tested and indicates whether controls are effective.
Chicago SOC Expertise
Schneider Downs provides SOC examinations in Illinois and nationwide to 150 companies annually in a variety of industries. Typically, we work with organizations that use or store sensitive financial and other data that cybercriminals may want. Some examples of the clients we serve include Software-as-a-Service (SaaS) companies, data centers, IT-managed service providers, mortgage and loan servicing companies, medical claims processors, payroll companies, and inventory management and logistics providers. Our diverse range of experience permits us to understand the company more easily, its risk profile, areas of exposure, and important testing variables.
SOC 1 Examinations – Chicago IL
Schneider Downs is recognized as a premier provider of SOC services including:
Chicago is a city with a population of over 2.7 million, it is the third most populous city in the country, after New York City and Los Angeles. Chicago is known for its rich history, diverse culture, and beautiful architecture. Some popular attractions in Chicago include:
Schneider Downs provides SOC 1 examinations and readiness assessments to companies in Chicago and across Illinois. If you are interested in learning how we can assist your organization, complete the form to the right and a team member will follow up with you promptly.