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Compliance Assessment
It is no secret that CFOs have experienced constricted resources, less perfunctory relationships with auditors and heightened scrutiny from the board in recent years. Compliance burdens remain undiminished and will only increase in complexity given the global geopolitical nature of modern commerce and the multi-jurisdictional realities of operations in multiple capital markets. Principle-based regulatory compliance, enterprise risk management and risk assessment processes are closely examined by financial markets and listing exchanges, and ultimately reflected in corporate ratings. While the early disruptions caused by the introduction of Sarbanes-Oxley have eased, research indicates the number of regulations affecting IT over the next five years may double.
Avacuna is particularly adept at helping clients reconcile the inevitability of multiple frameworks introduced for either compliance-driven, business-driven or best practice-oriented motivations. In these instances, our proficiencies with mapping specific domains and controls from one approach to another reduces incremental cost burdens, lowers non-compliance risks, accelerates time-to-market for data with value creation potential and lowers the probability of inaccuracies. We correlate controls, domains and gap assessments independently and/or collectively for:
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