|
|
|
| Risk Assessment, Audit Testing, and Remediation Tracking Tool
|
|
Baseline Builder™
Proprietary Risk Assessment, Audit Testing and
Remediation Tracking Tool
Process Partners' heritage as a process focused consulting firm has facilitated the understanding of the value of effective and practical internal controls and the recognition of the need for an efficient governance, risk management and compliance process. This understanding led us to develop a compliance process and a proprietary tool (Baseline Builder™) that has significantly improved the efficiency of tasks, and the accuracy and the retention of documentation.
Situation
Management is confronted with escalating compliance requirements and the increasing importance for strong corporate governance using an enterprise risk management (ERM) framework while identifying design and effectiveness issues within the internal control framework. Management's challenge is to provide an effective approach which requires specialized technology skills and tools. Management is concerned with the level of costs
incurred to support the information technology assessment process verses the value derived.
Opportunity
An effective governance, risk and compliance program understands and leverages technology and tools. Process Partners has the opportunity to achieve substantial benefits by leveraging proprietary technology to enhance the ability to monitor risks within the governance, risk management and compliance process.
Approach
Process Partners knows and understands the key criteria and the most effective process for applying technology within an effective governance, risk and compliance program. Baseline Builder™ integrates key governance, risk and compliance documents and maintains them in a central database that ensures an effective and efficient IT general, application, financial and operational controls compliance initiative.
Some of the key benefits of Baseline Builder include:
- Baseline of control activities for IT Governance and SOX
- Mapping of company activities to baseline
- Elimination of redundant control activities
- Responsibility assignment by process and control owners
- Recognition of shared risks and control activities
- Common repository for risks and control activities
- Top down view of IT risk management
- Central tracking of issues and action plans
- Integrated CobiT® framework and mapping
- Standard reporting with filtered options
- Sampling module for selecting test items
- Archival of test plans, testing results and support documentation
- Quarterly snapshots available for assessments, testing and issue /remediation Tracking
- Customizable company setup and Baseline Builder setup
Experience
References offer the best evidence of our experience. Feel free to request a reference list of organizations and contact information.
|
|
|
|
 |
|
|
