Best SAP GRC Services
Nordia's approach to risk assessment
- Establish ownership. Allocate personnel for each risk with a detailed overview of available tools
- Make it actionable. Ensure that the compliance risk assessment is coherent to mitigate risks.
- Keep it alive. Consider the assessment as a dynamic document that can shift and change as regulations change.
- Monitor and report. Continuous monitoring of internal controls to ensure policies are being followed and procedures are working as intended Report the risks identified to the organization's board members.
- Repeat and recycle. Perform a compliance risk assessment periodically and shift the approach to risk management.
Major steps of the compliance audit:
- Reduce your liability exposure.
- Increase the efficiency of compliance operations.Defining the audit objectives and deliverables
- Evaluating all aspects of the business and operations with relevance to regulatory compliance legislation
- Delivering a detailed report along with recommendations for any corrective actions
- Providing operational guidelines for ongoing regulatory compliance
- Outcomes of our thorough compliance audit
Understand how your compliance operation compares to the industry’s best practises.
Ensure ongoing compliance.
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