Audits and Assessment

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Comprehensive Audits and Assessments for Effective Risk Management

Audits and assessments are crucial processes that evaluate an organization’s compliance with industry regulations, security standards, and best practices. These assessments help companies identify potential risks, vulnerabilities, and areas for improvement within their systems, processes, and controls. By conducting regular audits and assessments, companies can proactively mitigate risks, strengthen their security posture, and ensure business continuity. NhanceGRC is the right partner for your auditing and assessment needs, with a team of experienced professionals and a proven track record.

Why Audits and Assessments for Effective Risk Management?

  • Non-compliance with industry regulations and standards
  • Increased exposure to security risks and potential data breaches
  • Operational inefficiencies and financial losses
  • Reputational damage and loss of customer trust
  • Legal and regulatory penalties or fines

How can companies address Audits and Assessments ?

  • Conducting regular internal and external audits
  • Implementing a risk management framework (e.g., NIST, ISO, COBIT)
  • Performing gap analyses and identifying areas for improvement
  • Developing and implementing corrective action plans
  • Establishing robust Governance, Risk, and Compliance (GRC) practices
  • Providing employee training and awareness programs

How NhanceGRC helps you in your Audits and Assessments?

ADVICE

  • Performing  comprehensive Audits
    and Assessments across various domains (e.g., Cybersecurity, Data
    Privacy, IT Governance)
  • Identifying and prioritizing risks and non-compliance issues
  • Providing detailed reports with recommendations and remediation strategies
  • Developing roadmaps for short-term, mid-term, and long-term improvements

TRANSFORM

  • Assisting clients in implementing recommended controls and best practices
  • Supporting the development and implementation of policies and procedures
  • Providing guidance on risk management framework adoption Facilitating the integration of audit and assessment findings into business processes

MANAGE

  • Offering ongoing audit and assessment services for continuous monitoring and improvement
  • Providing program management and oversight
  • Conducting periodic reviews and audits
  • Assisting with regulatory compliance and industry certification                                                                                

Our advisory services cover the following compliance frameworks

PCI-DSS (Payment Card Industry Data Security Standard): Ensuring secure handling of payment card data to protect against
breaches and fraud.
1. HIPAA (Health Insurance Portability and Accountability Act): Addressing privacy and security concerns related to healthcare data.
2. GDPR (General Data Protection Regulation): Facilitating compliance with data protection and privacy regulations for European Union citizens.
3. ISO 27001 (International Organization for Standardization): Implementing information security management systems to safeguard sensitive information.
4. HITRUST: Navigating the complex landscape of healthcare information security and privacy.
5. FedRAMP (Federal Risk and Authorization Management Program): Meeting security requirements for cloud services used by U.S. federal agencies.
6. SOC Attestation:
– SOC 1: Evaluating internal controls over financial reporting.
– SOC 2: Assessing security, availability, processing integrity, confidentiality, and privacy.
– SOC 3: Providing a general overview of SOC 2 compliance. 

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Articles and recommended readings

– NIST Risk Management Framework:
https://csrc.nist.gov/projects/risk-management/risk-management-framework-(RMF)-Overview
– ISO 27001 Information Security Standard: https://www.iso.org/isoiec-27001-information-security.html
– ISACA COBIT Framework: https://www.isaca.org/resources/cobit
– “The Risk IT Practitioner Guide” by ISACA
– “IT Auditing: Using Controls to Protect Information Assets” by Chris Grimes
– “Risk Management Framework: A Step-by-Step Guide for Assessing and Improving an Organization’s Information Security Risk” by NIST

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