Governance, Risk & Compliance
FOCUS AREAS
Illumant provides compliance services for the following regulations and frameworks:
PROJECT PHASES & DELIVERABLES
Our experts are able to produce quality deliverables within all of the following compliance project phases:
Scoping & Risk Assessment
Risk Assessment
Illumant can help your company save time and resources on compliance efforts by employing a top-down approach and starting with a scoping exercise and risk assessment of in-scope accounts, business processes/cycles, and applications. By highlighting your exposure to various threats and isolating your highest risk areas, we allow you to focus and optimize your valuable time and resources by avoiding utilization and testing of unnecessary controls.
Gap Analysis
Leveraging expertise in each of the Focus Areas listed above, our consultants can help you identify your current gaps in compliance. We break down all of the weaknesses in your design of controls, paying particular attention to documentation deficiencies.
Remediation / Documentation
Illumant provides comprehensive documentation of narratives, process flows, risk control matrices, policies, procedures, forms, and checklists to help you design and implement controls and bring your enterprise into full compliance. We cover each of the key COSO and IT-related (e.g., COBIT, FFIEC) control domains.
Internal Audit / Testing
Tests of Operational Effectiveness
Illumant's experts employ a substantive testing methodology to determine whether your controls are operating as intended. Leveraging detailed test scripts and workpapers, we thoroughly document each step taken during our testing procedure and retain the necessary evidence in order to ensure that any test can be easily followed or re-performed by an independent auditor.
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