Santa Fe SOC 1 Certifications
Your organization requires a SOC 1 report to win and retain business. SOC 1 report assessments take your Santa Fe and New Mexico 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.
New Mexico SOC Report Experience
Our firm provides SOC 1 Type 1 and SOC 1 Type 2 audit services to businesses in Santa Fe and New Mexico. 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.
Santa Fe 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 Santa Fe (NM) – 87505
Contact Our New Mexico SOC Auditors
PBMares provides SOC 1 audits and reports to companies in Santa Fe and New Mexico. 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 Santa Fe Business Community
Santa Fe, New Mexico, boasts a vibrant and diverse business community that harmoniously blends its rich cultural heritage with modern economic development. The city’s economy thrives on a foundation of arts and culture, tourism, and a growing emphasis on technology and innovation. The Santa Fe Chamber of Commerce, established in 1882, plays a pivotal role in strengthening the local economy and serving as the voice of business in community affairs. With over 700 member businesses, the Chamber fosters economic growth through initiatives such as networking events, business directories, and community engagement programs.
Supporting entrepreneurship is a key focus in Santa Fe. The Santa Fe Business Incubator (SFBI), a non-profit organization, provides a nurturing environment for entrepreneurs aiming to launch and grow businesses that create jobs and diversify the economy. SFBI offers resources including private offices, labs, and shared facilities like a bioscience lab and a fabrication lab, along with access to business advisors and technical assistance. The area code used in Santa Fe (NM) is 505.
National Reach
PBMares offers SOC 1 Reports to companies located in Atlanta (GA), Baltimore (MD), Boise (ID), Boston (MA), Charleston (SC), Charlotte (NC), Chicago (IL),Dallas (TX), Denver (CO), Des Moines (IA), Houston (TX), Indianapolis (IN), Los Angeles (CA), Memphis (TN), Milwaukee (WI), Minneapolis (MN), New York (NY), Newark (NJ), Orlando (FL), Phoenix (AZ), Portland (OR), Richmond (VA), Salt Lake City (UT), Sante Fe (NM), Seattle (WA), St Louis (MO), and Wichita (KS).