Salt Lake City SOC 1 Certifications
Your organization requires a SOC 1 report to win and retain business. SOC 1 report assessments take your Salt Lake City and Utah 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.
Utah SOC Report Experience
Our firm provides SOC 1 Type 1 and SOC 1 Type 2 audit services to businesses in Salt Lake City and Utah. 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.
Salt Lake City 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 Salt Lake City (UT) – 84105
Contact Our Utah SOC Auditors
PBMares provides SOC 1 audits and reports to companies in Salt Lake City and across Utah. 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 Salt Lake City (UT) Business Community
The business community in Salt Lake City, Utah, is characterized by its diverse economy, strategic location, and a strong focus on innovation and technology. As the economic hub of the Intermountain West, Salt Lake City supports a variety of industries, including finance, healthcare, technology, energy, transportation, and manufacturing. The city has developed a reputation as a center for tech startups and innovation, often referred to as the “Silicon Slopes” due to the growth of technology companies and venture capital investments in the area. Additionally, the healthcare and education sectors are significant drivers of the local economy, with major employers including the University of Utah and top healthcare providers.
Salt Lake City’s location provides companies with access to major transportation networks, including rail and air cargo hubs, making it an attractive destination for logistics and distribution companies. The city also has a strong business climate, supported by a highly skilled workforce, affordable living costs compared to other urban areas, and business-friendly policies. Real estate development and construction are also active industries, with growth in both residential and commercial spaces to support the expanding population and business needs. Moreover, the city has a growing retail and service industry, driven by the tourism, outdoor recreation, and cultural opportunities nearby. The area codes used in Salt Lake City (UT) are 385 and 801.
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).