SOC for Service Organizations (SOC 2) – Newark, NJ
Many businesses and organizations in Newark and across New Jersey provide services that require the updating, and processing of sensitive personally identifiable information (PII). This may include social security, bank account, credit card numbers, home address, and more. Ensuring adequate protections are in place is not only necessary to prevent breaches, but also to ensure customers and prospects about the quality of cybersecurity controls. In fact, many expect to see a System Organization Control (SOC 2) report before doing business with a company.
What is a SOC 2 Report?
This report provides essential information to customers, vendors, and others, that require assurance about the security of controls, availability, and integrity of systems used to process confidential data. They play an important role on organizational oversight, vendor management programs, risk management, internal corporate governance, and regulatory oversight. Only a licensed CPA firm is permitted to conduct these assessments and render an opinion on the quality of controls.
Newark SOC Experience
Our team has significant experience conducting SOC 2 examinations for Newark businesses. Specifically, we can assist with:
- SOC 2 Reports – Prepared for service organizations for which a detailed understanding and assurance around internal controls at the organization is necessary. Depending on the need, Calvetti Ferguson can conduct a SOC 2 Type I or SOC 2 Type II examination. The main difference between the two is that a Type I report covers a specific period, whereas Type II reports cover a minimum six-month period.
- SOC 2 Plus -These examinations include one to all five of the Trust Services Categories and Criteria, plus additional criteria for frameworks such as HITRUST, PCI, ISO 27001, NIST or other established control frameworks.
SOC for Service Organizations
The SOC for Service Organizations Logo indicates that the products and services provided under the SOC for Service Organizations Logo are of high quality and standards commensurate with AICPA’s excellent reputation among professionals and members of the public in general.
Map of Newark, NJ
Contact Our Newark SOC 2 Examination Team
Calvetti Ferguson provides SOC 2 examinations and reports to businesses in Newark and across New Jersey. If you are interested in learning about how our organization can assist, complete the form below and a team member will reach out promptly.
About Newark, New Jersey
Historically known as an industrial center, Newark has evolved into a multifaceted economy that embraces a variety of sectors. Manufacturing, finance, healthcare, education, technology, and logistics coexist within the city’s economic fabric. This diversification has positioned Newark to weather economic shifts and seize emerging opportunities.
At the forefront of Newark’s business scene is its thriving arts and culture sector. The New Jersey Performing Arts Center, the Newark Museum, and the city’s vibrant arts district draw visitors and contribute to a unique local identity. This cultural richness enhances the quality of life for residents and contributes to a thriving hospitality and tourism industry.
Newark’s proximity to major transportation networks, including airports, seaports, and highways, has solidified its status as a logistical and distribution powerhouse. Companies engaged in supply chain management, transportation, and e-commerce find Newark’s strategic location and robust infrastructure highly advantageous.