SOC for Service Organizations (SOC 2) – Chicago, IL
Ilinois SOC 2 Reports
Many businesses and organizations in Chicago and across Illinois 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 in 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.
Chicago SOC Experience
Our team has significant experience conducting SOC 2 examinations for Chicago 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 Chicago, IL
Contact Our SOC 2 Examination Team
Calvetti Ferguson provides SOC 2 examinations and reports to businesses in Chicago and across Illinois. 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 Chicago (IL)
In recent years, Chicago has emerged as a technology and innovation hub. The city's rapidly growing tech ecosystem is fueled by a thriving startup culture, a pool of skilled tech professionals from local universities, and an expanding network of tech incubators and accelerators. The 1871 tech hub serves as a focal point for entrepreneurial activity, fostering collaboration and knowledge exchange among startups.
Chicago's commitment to education and research is another cornerstone of its business community. The city is home to prestigious universities and research institutions that provide a steady stream of talent, foster innovation, and support the development of cutting-edge technologies.
Collaboration between the public and private sectors is integral to Chicago's business environment. Various initiatives and partnerships between government entities, universities, and corporations work to attract investment, drive economic growth, and address urban challenges.