Newark and New Jersey business owners need to ensure sensitive data is protected, especially as it relates to the 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.
Schneider Downs provides SOC examinations in New Jersey 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.
Schneider Downs is recognized as a premier provider of SOC services including:
The Newark business community is a vibrant and diverse ecosystem with a strong presence of both small businesses and large corporations. This mix contributes to the city’s dynamic economic landscape. Historically, Newark has been a hub for industries such as insurance, finance, and shipping, thanks to its strategic location and transportation links including a major airport, railway systems, and port facilities.
In recent years, there’s been a noticeable shift towards technology and healthcare, attracting startups and fostering innovation. The New Jersey Institute of Technology (NJIT) and Rutgers University-Newark play significant roles in this transformation by acting as incubators for new technologies and research, respectively.
Moreover, the city government has been active in revitalizing the downtown area, attracting new investments and improving infrastructure. This has led to the development of office spaces, conference centers, and a surge in retail and culinary ventures, enriching the community’s profile.
Schneider Downs provides SOC 1 examinations and readiness assessments to companies in Newark and across New Jersey from our Pittsburgh location. 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.
Schneider Downs provides SOC 1 consulting services to companies in: Atlanta (GA), Austin (TX), Baltimore (MD), Billings (MT), Boise (ID), Boston (MA), Burlington (VT), Charleston (WV), Chicago (IL), Cleveland (OH), Denver (CO), Des Moines (IA), Detroit (MI), Hartford (CT), Lexington (KY), Los Angeles (CA), Memphis (TN), Milwaukee (WI), Montgomery (AL), Newark (NJ), New York City (NY), St. Paul (MN), Orlando (FL), Portland (OR), Richmond (VA), Seattle (WA), St. Louis (MO), Tucson (AZ), Wilmington (DE) and Washington (D.C.).
Contact Our Experienced Team of SOC Professionals.
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Schneider Downs is a Top 60 independent Certified Public Accounting (CPA) firm providing accounting, tax, audit and consulting services to public and private companies, not-for-profit organizations and global companies. We also offer risk advisory, transaction advisory, digital consulting, wealth management, retirement plan solutions and investment banking services. Schneider Downs serves individuals and companies in Pennsylvania (PA), Ohio (OH), West Virginia (WV), New York (NY), Maryland (MD), metropolitan Washington (DC) and additional states in the United States with offices in Pittsburgh, PA, Columbus, OH, and McLean, VA.
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Every moment counts. For urgent requests, contact the Schneider Downs digital forensics and incident response team at 1-800-993-8937. For all other requests, please complete the form below.
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