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Three Pillars of Sustainable Compliance

Three Pillars of Sustainable Compliance

by Rick Turoczy on October 26, 2005

Through the use of a systematic and documented approach for assessing risk, decisions regarding competing claims for enterprise resources can be more confidently addressed on the basis of potential exposure.

In accordance with the latest guidance of May 16, 2005 from the Public Company Accounting Oversight Board (PCAOB), which urged auditors to take a “top-down” approach to compliance based upon assessed risk factors, the BWise product suite combines an underlying compliance framework with an integrated risk management component to help enterprises more effectively assess, manage and minimize corporate risk and compliance exposure. Specific components of the BWise product suite for Enterprise Risk Management include dedicated applications for financial reporting and internal controls; regulatory compliance; operational risk management; strategic risk management; IT governance; and process management for corporate process control. Based on the flexibility of the BWise product suite, dedicated solutions encompassing best practices for Sarbanes-Oxley, Basel II, MiFID and a host of other regulatory requirements can be readily implemented.

Three Pillars of Sustainable Compliance

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