IT Governance, Risk Assessments and Compliance
IT Governance
It is imperative for your organization's culture to integrate governance and compliance activities into daily processes, especially with growing expectations on your IT staff. This built-in capability is what Candela Solutions' Technology Practice refers to as your IT governance framework. Whether your methods are homegrown or an industry standard such as COBIT, CMMi or ITIL, we can setup your information technology policies and practices to achieve compliance with minimal cost.
What truly is required? This is an important question that we can help answer. We use a top-down and risk-based approach to determine which procedures makes sense and which ones are excessive. We help you achieve compliance by focusing on the most critical areas first through a formalized risk assessment process and then addressing the efficiency of control options.
Our services include:
- Selecting a framework or frameworks
- Deciding which portions of the framework are applicable and beneficial
- Aligning IT procedures to meet objectives consistent with the new framework
- Training staff and management
- Integrating your outsourced providers into your compliance framework
- Establishing metrics to measure performance
- ...and more training!
Candela Solutions can help craft a healthy IT governance environment to realize the full power of IT for pursuing your company's strategy. With us, you will find a partner with an appreciation and understanding of issues like risk-based management, Sarbanes-Oxley, COSO and COBIT frameworks, and growing your own governance-friendly IT controls and processes. Information management pertains to the flow, quality, value, ownership, security, and use of business information. Strong management is critical as missteps can be very costly.
We can supplement your IT governance needs, provide you with an interim leader, or provide training and advice.
IT Risk Assessments
Candela Solutions also provides independent risk assessments of IT environments. This process works to mitigate risks, simplify processes, and leverage cutting-edge technologies, with a goal of reducing costs and improving operational effectiveness.
Candela Solutions' Technology Practice address IT assessments by leveraging a Certified Information Systems Auditor (CISA), and if warranted, a Certified Project Management Professional (CMP). These credentials emphasize our commitment to the Candela methodology and approach to internal processes and controls, specifically as they relate to IT.
IT Compliance Matters
In selecting the Candela Solutions' Technology team, you will find a partner with an appreciation and understanding of issues like risk-based management, Sarbanes-Oxley, COSO and COBIT frameworks, and growing your own governance-friendly IT controls and processes. A risk-prioritized approach towards governmental mandates, such as the Sarbanes-Oxley Act of 2002 (SOX) and XBRL, adds value, not just compliance. Candela Solutions' Technology Practice works to leverage the COSO and COBIT control frameworks, controls design, exchange requirements (NYSE, AMEX, NASDAQ) and PCAOB standards, all in the context of SEC rules and regulations.
Both publicly traded companies and private companies must have controls to protect corporate data and access to a wide variety of data. IT systems are a critical tool to manage financial systems and respond to regulators. Indeed, information management of the flow, quality, value, ownership, security, and use of business information must be addressed. Missteps can be costly. Candela Solutions is ready to work with you to leverage technology and provide your organization with the edge needed to succeed.
Refer to related in-house training sessions:
