Risk & Compliance


RISK AND COMPLIANCE OFFERING

International statutory regulations force Businesses to implement integrated internal control systems to manage their efficiency

Benefits of our Risk and Compliance solution
Compliance
The necessary control systems are in place and at the same time centrally-managed and flexible, to ensure compliance to international statutory standards and regulations (e.g. Sarbanes-Oxley Act, Basel II, ISO etc).
Protection and Risk Mitigation
Scheduled checks and customized, process-driven controls are just two of the functionalities (i.e. tools) that management has in its disposal in order to anticipate risks and prepare for their timely mitigation.
Informed Decision Making
Internal control systems generate key information for top management and external or internal auditors, in the form of customized reports.

Irrespective of the size or the industry a business operates, it has to cater for process risks and how to mitigate them, plan for measures and controls to ensure internal or external compliance, conduct and document audits, implement controlling processes and ensure a smooth operational performance all along. Adopting an integrated approach to Governance, Risk and Compliance (GRC) creates a fine balance between “being in business” and “being in control”.

 

SPIRIT provides leading audit, risk and compliance solutions and expert insights to enable businesses to link and align regulatory developments with internal policy systems, organizational risks and controls, and regulatory training – thereby developing a cohesive, proactive approach to Governance, Risk and Compliance. Our proposed solution is flexible enough to easily accommodate new legislation and standards.

 

Drawing on a profound experience in process analysis and implementation initiatives, we analyse your business’s operation, identify potential risks and help you develop internal process-driven checks. The subsequent definition and implementation of a process-driven, workflow-based solution for auditing and controlling is supported by specialized software.

 

The internal control system developed supports the entire end-to-end process of testing, control and documentation (e.g. scheduled tests; management of reports and test results; capability to check status of overall business compliance; issue and deficiency management). Intrinsic process-checks continuously test both the control system and the control processes in place, to guarantee their validity. The system also supports businesses in the preparation, planning and execution of internal or external audits, enabling accurate management reporting via an up-to-the-minute dashboard.

Do you have a structured “blueprint” of how your business really operates in order to estimate your improvement potential?
Contact our team today to find out how you can generate strategic knowledge with our EA solution.