Operational Risks Management and Regulatory Compliance
To meet the requirements of international statutory regulations, Organizations need to implement efficient internal control systems
Drawing on SPIRIT’s experience in process analysis, we identify potential risks and assign them to associated activities within a process.
With the help of specialized software, we define and implement a process-driven workflow-based solution for auditing and controlling. This solution can easily be extended to accommodate new legislation and standards.
The internal control systems provide support for the entire testing, control, and documentation process (e.g. scheduled tests; management of reports and test results; capability to check status of enterprise compliance; issue and deficiency management). Additionally, inherent process checks continuously test the control systems and processes to guarantee their validity.
Benefits of our Risk and Compliance solution
Organizational compliance
The necessary control systems are put in place to ensure compliance to international statutory standards and regulations (e.g. Sarbanes-Oxley Act, Basel II, ISO).
Protection and Risk mitigation
Scheduled checks and customized, process-driven controls are two of the functionalities that enable management to anticipate risks and prepare for their timely mitigation.
Informed decision making
Internal control systems generate key information (in the form of customized reports) for top management and external or internal auditors.
