SOC 1 Certifications
Your organization requires a SOC 1 report to win and retain business. SOC 1 report assessments take your Phoenix and Arizona businesses 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.
Phoenix SOC Report Experience
Our firm provides SOC 1 Type 1 and SOC 1 Type 2 audit services to businesses in Phoenix and across Arizona. 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.
Phoenix 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 Phoenix (AZ) – 85001
e>
Contact Our Phoenix SOC Auditors
PBMares provides SOC 1 audits and reports to companies in Phoenix and across Arizona. 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 Phoenix (AZ) Business Community
Phoenix, Arizona, has a diverse and rapidly growing business community driven by industries such as healthcare, education, manufacturing, technology, aerospace, and real estate. The city’s pro-business climate, affordable cost of living, and strong population growth attract businesses and startups alike. Phoenix has seen expansion in industries like tech innovation and renewable energy while maintaining its traditional strengths in aerospace and manufacturing. The healthcare sector is also a significant economic driver, supported by major hospitals and research institutions. With strong infrastructure, a skilled workforce, and access to key markets in the Southwest, Phoenix continues to position itself as a dynamic hub for business growth and investment. The area codes used in Phoenix (AZ) are 602 and 480.