For Chicago and Illinois businesses that need to undergo a System and Organization Control (SOC) examination, it can be a stressful experience. The process requires a thorough review of organizational processes, controls, and their effectiveness. This means companies need to have processes that have been reviewed and documented and confidence that essential controls are functioning properly. It is complicated, and for those who have not undergone a SOC 1 or SOC 2 audit, it is necessary to ensure compliance with key audit standards. A SOC report is needed but will the organization pass? This is when many turn to SOC readiness assessments to guide efforts.
What is a SOC Readiness Assessment?
A SOC readiness assessment is designed to help an organization determine its preparedness for an actual SOC examination. It identifies potential issues and challenges and helps to remedy them prior to the start of the audit. It also helps to identify any weaknesses that may result in an undesirable unqualified opinion.
SOC Readiness Assessments – Chicago (IL)
Barnes Dennig has significant experience working with companies in Chicago and across Illinois. Our professionals have guided many through the reporting process by identifying key controls needed and by testing the effectiveness of policies and procedures. Barnes Dennig’s audit experience allows us to quickly establish a risk profile, areas of exposure and important variables. This results in a more valuable experience because we know the right questions to ask. Whether you need an assessment for a SOC 1 or SOC2 report, Barnes Dennig stands ready to assist.