REGULATORY COMPLIANCE

We assist you to clarify the objectives of the assessment, such as evaluating the organization’s compliance with specific regulatory requirements, identifying gaps or areas of non-compliance, and mitigating associated risks.

We assist you to identify the relevant laws, regulations, standards, and industry best practices that apply to the organization’s operations, industry sector, geographic locations, and business activities.

We help you maintain an up-to-date inventory of regulatory requirements and ensure alignment with organizational policies and procedures.

We can conduct a comprehensive regulatory risk assessment to identify and prioritize compliance risks associated with regulatory requirements.

We help you assess the likelihood and potential impact of non-compliance on the organization’s reputation, financial stability, legal liability, and operational continuity.

We review the organization’s compliance policies, procedures, controls, and documentation to ensure they align with applicable regulatory requirements.

We evaluate the clarity, completeness, and effectiveness of policies and procedures in guiding employees on compliance expectations and responsibilities.

We evaluate the design and implementation of compliance controls, processes, and systems to ensure they are effective in mitigating regulatory risks and achieving compliance objectives.

We test the operating effectiveness of controls through reviews, audits, walkthroughs, and testing procedures.

We review documentation and records related to regulatory compliance, including permits, licenses, certifications, contracts, reports, and audit findings.

We ensure the accuracy, completeness, and timeliness of documentation and records to demonstrate compliance with regulatory requirements.

We conduct interviews, focus groups, or surveys with employees, managers, compliance officers, and other stakeholders to gather insights into their understanding of regulatory requirements and compliance practices.

We identify any challenges, barriers, or gaps in compliance awareness, training, and communication.

We evaluate the organization’s training and awareness programs on regulatory compliance to ensure they effectively educate employees on their obligations and responsibilities.

We assess the frequency, content, delivery methods, and effectiveness of training programs in promoting compliance awareness and behavior.

We assess the effectiveness of monitoring and reporting mechanisms for detecting, documenting, and escalating compliance issues, violations, or incidents.

We review the timeliness, accuracy, and responsiveness of reporting processes and corrective actions taken to address identified issues.

We document the findings of the assessment, including areas of compliance strength, weaknesses, gaps, and opportunities for improvement.

We develop recommendations and action plans to address identified issues, enhance compliance controls, and strengthen the organization’s overall regulatory compliance posture.

We communicate the assessment findings and recommendations to senior management, the board of directors, compliance officers, and other relevant stakeholders.

We collaborate with stakeholders to implement changes, revise policies or procedures, enhance training programs, allocate additional resources, and address any barriers or challenges identified during the assessment process.

We assist you to monitor the implementation of recommended changes and track progress towards enhancing regulatory compliance.

Can assist you to conduct regular reviews and evaluations to assess the impact of improvements on compliance outcomes, organizational culture, and stakeholder satisfaction.