Blog
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COSO-Based Internal Auditing
Internal audit and compliance departments benefit from having a comprehensive framework to use to perform corporate risk assessment and internal control testing as well as fight fraud. The most popular framework is the COSO Framework. The Committee of Sponsoring Organizations of the Treadway Commission (COSO) was originally formed in the United States in 1985 to […]
Tags: COSO
January 30, 2024
A HIPAA Physical Safeguards Risk Assessment Checklist
Embarking on the journey to HIPAA compliance demands a meticulous approach, particularly when it comes to safeguarding electronic Protected Health Information (ePHI). While aspects like the Security Rule and technical safeguards garner significant attention for their emphasis on cyber security and technology, the physical safeguards are equally critical, focusing squarely on the tangible aspects of […]
Tags: Healthcare, HIPAA
Choosing the Best Insurance Compliance Software for Your Business
Compared to most other business sectors, the insurance industry is tightly regulated — and for many good reasons. Most people rarely interact with their insurance company until something happens: a fire, a wreck, or perhaps a complicated healthcare situation. Insurance professionals already know that competition in the insurance industry is cutthroat, so customer interaction has […]
Tags: Compliance, Insurance
What Are Compliance Automation Tools?
Staying compliant with ever-changing regulatory and risk management standards can be a daunting task. Compliance automation tools have emerged as a vital solution, simplifying and streamlining your work to meet legal and industry standards. This blog explores the intricacies of compliance automation, the tools involved, and how they revolutionize the way organizations approach regulatory compliance. […]
January 29, 2024
5 Pitfalls of a Compliance-Only Solution
In the complex world of regulatory landscapes, it’s critical to ensure that your organization isn’t just meeting the minimum standards, but excelling in its compliance efforts. You’ve taken a step forward by moving away from the cumbersome and error-prone process of using spreadsheets to manage your compliance programs. That’s undoubtedly a commendable move! However, if […]
January 28, 2024
What Is Meant by Risk Evaluation?
Risk management is a crucial part of new projects businesses undertake to support growth. A strong risk management process helps organizations to assure that they comply with all applicable laws and regulations. It also allows them to protect themselves from the potential harm of business and digital risks, including data breaches, cyberattacks, and other cybersecurity […]
Tags: Risk Management
January 25, 2024
All You Ever Wanted to Know About FedRAMP 3PAOs
Third-party assessment organizations, or “3PAOs,” play a crucial role in compliance with the Federal Risk and Authorization Management Program, more commonly known as FedRAMP. 3PAOs assess the offerings of cloud service providers (CSPs), to help those CSPs satisfy their FedRAMP compliance obligations. Moreover, the 3PAOs’ input allows U.S. federal agencies to make informed, risk-based decisions […]
January 24, 2024
How Automated Compliance Can Reduce the Cost of Compliance
Corporate compliance is not a new idea; for many years, organizations everywhere have had to comply with certain rules and standards to reduce risks and vulnerabilities. Those rules might be defined internally by the company’s compliance team or by an external party such as a regulatory agency — but either way, they are rules that […]
January 23, 2024
What is Supply Chain Compliance?
Most companies sit in the middle of a supply chain. So, if your business wants to reduce the chance that one or more of your vendors could expose you to security, financial, or other risks, then you’ll need to embrace best practices in supply chain compliance. To safeguard your business against security, financial, or other […]
Tags: Third-Party Management
Guide to GDPR Compliance for US Companies
The General Data Protection Regulation (GDPR) has a massive influence on data privacy throughout the globe. But what are the ramifications for the GDPR in the United States? Do American businesses have to comply with the GDPR? In December 2020, Twitter was fined €450,000 ($546,000) for failing to document and inform GDPR officials within 72 […]
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