E.A.G. Business Holdings Incorporated (“EAG”) Engages Deloitte & Touche LLP to perform SOC 1 Examination Services.
Deloitte & Touche LLP (“Deloitte”) has been selected as EAG’s preferred firm for SOC 1 examination services.
Houston, Texas – April 25, 2022: E.A.G. Business Holdings, Incorporated (“EAG”), a privately held oil and gas consulting and outsourcing organization, announced that they have engaged Deloitte & Touche LLP (“Deloitte”) to perform Service Organization Control (“SOC”) 1 Type 2 examination services.
Established by the American Institute of Certified Public Accountants (AICPA), a SOC 1 is an examination and attestation over the controls at a service organization relevant to user entities’ internal control over financial reporting.
EAG provides consulting, back-office outsourcing, and IT outsourcing services exclusively to the upstream and midstream oil and gas industry. Recent growth has included the addition of several public clients to EAG’s outsourcing customer base. To provide clients with timely and quality annual SOC reports, EAG has engaged Deloitte, who is a global professional services firm.
Deloitte will conduct a Type 2 examination and test the operating effectiveness of certain EAG controls relevant to user organizations’ financial reporting in accordance with the AICPA’s Statement on Standards for Attestation Engagements No. 18, Attestation Standards: Clarification and Recodification (“SSAE 18”).
“Strong operational environments, with effective controls, manage, reduce, and mitigate business and organizational risks. Although EAG received SOC 1 reports in 2021, we want to continue to mature our internal control framework and testing approach. By engaging Deloitte as our independent provider to perform our annual SOC 1 examination, we believe we are best positioned to provide assurance as to the level of quality and reliability of services that we provide our customers.
The SOC 1 Type 2 examination is a critical annual output for our client base, and I am pleased to be working with Deloitte’s qualified and knowledgeable team.”
– Elizabeth Gerbel, CEO, E.A.G. Business Holdings, Incorporated
About EAG:
E.A.G. Business Holdings Incorporated (“EAG”) is a Houston-based, privately held consulting, back-office outsourcing, and IT outsourcing firm that delivers services exclusively to the upstream and midstream oil and gas industry. EAG supports clients of all sizes and business models through every stage of their company lifecycle, and only hires industry professionals with deep oil and gas functional and technical expertise. The company was founded by Chief Executive Officer, Elizabeth Gerbel, in 2003 and is the most referred firm in the industry.
About Deloitte:
Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world’s most admired brands, including nearly 90% of the Fortune 500® and more than 7,000 private companies. Our people come together for the greater good and work across the industry sectors that drive and shape today’s marketplace — delivering measurable and lasting results that help reinforce public trust in our capital markets, inspire clients to see challenges as opportunities to transform and thrive, and help lead the way toward a stronger economy and a healthier society. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Building on more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte’s more than 345,000 people worldwide connect for impact at www.deloitte.com.
###
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.