SOC® reporting
System and Organization Controls (SOC) reporting not only increases transparency, it also builds trust with customers and users. A SOC® report can also reduce time spent completing individual customer-requested audits or filling out vendor questionnaires.
SOC® reporting
System and Organization Controls (SOC) reporting not only increases transparency, it also builds trust with customers and users. A SOC® report can also reduce time spent completing individual customer-requested audits or filling out vendor questionnaires.
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SOC 1®
A SOC 1® report is for organizations who need to report to regulators, external parties, or a customer’s auditors on internal controls over financial reporting. Typical SOC 1 reports cover employee benefit plans, third-party administrators, payroll processing, hosted software applications that produce financial data (including financial statements), and general computer controls.
SOC 2®
A SOC 2® report provides user organizations with assurance over the critical systems used to deliver outsourced services. It’s typically used by customers for vendor risk management requirements surrounding security. SOC 2® reports cover controls over security, and if applicable, availability, confidentiality, processing integrity and privacy.
SOC 3®
SOC 3® reports offer a simple, easy to understand report to enhance marketing efforts and to share with the general public. Typically, a SOC 3® report is issued in conjunction with a SOC 2® Type 2 report.
SOC® for Cybersecurity
This type of SOC® examination provides an organization’s board of directors assurance over its cybersecurity program.
Meet the SOC experts at Squire
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Ray Chipman
Partner
Area of Focus: Risk Management, Internal and External Audit and Business Process Redesign
Industry Specialties: Construction, Direct Selling and Distribution
Profile:
- Member of the Business Advisory Division
- Experience working with organizations implementing Risk Management processes–especially when those processes relate to internal control over financial reporting
- Enjoys working with management, the audit committee and/or chief audit executive to ensure that the Internal Audit function is meeting the needs of the organization
- Facilitates Business Process Redesign to identify areas of improvement and related risks
- Member of the Audit Division
- Manages audit teams to provide assurance on financial information
- Coordinates international audit and advisory work through our association with Praxity
Education and Certifications:
- B.S., Brigham Young University
- MBA, Utah State University
- Certified Public Accountant
- Certified Internal Auditor
Affiliations:
- Construction Financial Management Association, associate member
- Institute of Internal Auditors, member
- American Institute of Certified Public Accountants, member
- Utah Association of Certified Public Accountants, member
Audit & Assurance
Technology & Business Advisory
Partners
801.225.6900801-494-6008raymondc@squire.com -
McKay Hall
Partner
Area of Focus: Agreed Upon Procedures, Assurance, Audit& Attest Services, Financial Statement Services
Industry Specialties: Government, Tribal
Profile:
McKay was raised in a family of seven kids, which made for some very active and busy times. One point of interest that most of the kids shared, to some degree, was an interest in Science Fiction and Fantasy. This point of interest for McKay has led to a love of related topics in math, science, languages, cultures, and history, which in turn has ended up developing into a general love of knowledge and education.
McKay came to accounting through a side door, so to speak. After spending close to ten years in information systems development, deployment, and management, he was introduced to the world of accounting. As he delved deeper into accounting, McKay felt the financial systems reflected the same points of interest as the more general computerized information systems with which he had been working. Upon finding the accounting to be as fun as the coding and development he had been doing, he decided to move into public accounting.
McKay has focused on auditing, providing financial and compliance audits to a variety of customers. He enjoys assisting clients through the analysis of their systems, looking for areas that work well and areas that can be improved, to allow for more effective and efficient systems and operations. McKay has not forsaken the IT world, though; as he still provides and oversees information systems assessments and audit services.
Education and Certifications:
- B.A., Computer Science, Southern Utah University, 2000
- B.S., Accounting, Southern Utah University, 2006
- MAcc, Southern Utah University, 2007
Affiliations:
- American Institute of Certified Public Accountants (AICPA)
- Utah Association of Certified Public Accountants (UACPA, ISACA (formerly the Information Systems Audit and Controls Association)
- Association of Certified Fraud Examiners (ACFE)
- Government Finance Officers Association of Arizona (GFOAz)
Audit & Assurance
Partners
801.533.0409mckay.hall@squire.com -
Drew Hansen
Supervisor
Profile:
Drew joined Squire in June 2021 and has worked on Squire’s SOC examination team since starting. Before joining Squire, Drew worked for a publicly held company, helping with business operations, internal controls, and SOX compliance. He is the manager of all of Squire’s SOC examinations and helps lead the SOC team.
Education and Certifications:
- B.S. from Utah Valley University
- MAcc from Utah Valley University
- Certified Public Accountant (CPA)
- Certified Information Systems Auditor (CISA)
- Certified in Cyber Security (CC)
Affiliations:
- American Institute of Certified Public Accountants (AICPA)
- Utah Association of Certified Public Accountants (UACPA)
- ISACA (formerly the Information Systems Audit and Controls Association)
- International Information System Security Certification Consortium (ISC2)
Audit & Assurance
801.225.6900drewh@squire.com -
Gavin Reed
System Administrator - Cyber Security
Area of Focus: Cybersecurity and Information Systems
Industry Specialties: Cybersecurity, backups and systems administration.
Profile:
Gavin has over 20 years of rich IT service and training experience in university and corporate settings.
Education and Certifications:
- Bachelor of Science, Psychology
Administrative
801.225.6900801-494-6092gavin.reed@squire.com
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