Regulatory compliance is having a profound impact on how organizations manage risk and exercise due care going forward. For many, the
administrative burden will be unbearable. For organizations in highly regulated industries such as financial services, healthcare and telecom,
managing compliance with diverse regulatory requirements from a number of national and international sources is extremely expensive and
unsustainable.
Regulatory Compliance IT Support Assessment and Strategy
What are the reasons for developing Compliance Architecture?
• Addresses functional overlap in regulations
• Builds trust and credibility with auditors
• Coordinates compliance efforts
• Improves general IT controls
• Improves audit process and repeatability
• Improves communications
• Improves value of IT controls
• Off the shelf support material
• Reduces compliance costs
• Builds trust and credibility with auditors
• Coordinates compliance efforts
• Improves general IT controls
• Improves audit process and repeatability
• Improves communications
• Improves value of IT controls
• Off the shelf support material
• Reduces compliance costs
• How to meet the common requirements of diverse regulatory sources?
• How to align and rationalize multiple IT quality process improvement efforts?
• How to increase management's confidence in the IT controls?
• How to do more with the existing or fewer resources in IT?
• How to keep escalating costs of regulatory compliance under control?
• How to effectively address the myriad of regulatory compliance requirements?
• How to leverage compliance initiatives to achieve higher performance in IT?
• How to ensure best practices are leveraged by the organization?
• What, how, and where to apply technology and automation to better meet regulatory needs?
• How to align and rationalize multiple IT quality process improvement efforts?
• How to increase management's confidence in the IT controls?
• How to do more with the existing or fewer resources in IT?
• How to keep escalating costs of regulatory compliance under control?
• How to effectively address the myriad of regulatory compliance requirements?
• How to leverage compliance initiatives to achieve higher performance in IT?
• How to ensure best practices are leveraged by the organization?
• What, how, and where to apply technology and automation to better meet regulatory needs?
If managed right, regulatory compliance efforts can result in significant performance improvements in IT operations especially if they are
combined or coordinated with IT process and service transformation initiatives using industry best practices such as ITIL® and ISO 17799.
Benefits
The Regulatory Compliance IT Support Assessment and Strategy offering is focused on helping clients meet regulatory compliance
requirements and challenges by leveraging industry recognized frameworks such as COBIT and best practices such as ITIL® and ISO 17799.
Key issues addressed
• Address Multiple Regulatory Requirements
• Implement Suitable Controls in IT
• Improve IT and Business Alignment
• Implement Security Controls
• Improve Compliance Efficiencies
• Implement IT Best Practices
• Increase Auditor's Confidence
• Implement Suitable Controls in IT
• Improve IT and Business Alignment
• Implement Security Controls
• Improve Compliance Efficiencies
• Implement IT Best Practices
• Increase Auditor's Confidence
Description
Deliverables
A typical SPI study will include the following deliverables:
Baseline Assessment - A multidimensional evaluation of existing processes and policies against best practices and peer
organizations using the COBIT framework.
Strategy Development - A concrete roadmap for implementing the right level of general IT controls to ensure compliance with the regulatory requirements.
Technology Opportunity Analysis - A comprehensive review of potential technologies to review for specific process domains in order to meet the regulatory needs.
Management Presentation - A concise presentation of risk domains that require management attention and recommendations to deal with each effectively.
Strategy Development - A concrete roadmap for implementing the right level of general IT controls to ensure compliance with the regulatory requirements.
Technology Opportunity Analysis - A comprehensive review of potential technologies to review for specific process domains in order to meet the regulatory needs.
Management Presentation - A concise presentation of risk domains that require management attention and recommendations to deal with each effectively.
Target Audience
CIO (primary), CFO
IT executive who is responsible for the current state of a company's IT controls and risk management processes and policies. This
offering provides an enterprise wide framework for improving IT controls and mitigating undue risk in order to achieve compliance with
multiple regulatory requirements.
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