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New Tools on Our Database
Align 4 SOX
TORRE provides management with the confidence that they are managing the risks, exploiting them where they can, and mitigating them where they need to. UK companies have to state that they have reviewed the controls over their business, that they have done so from a risk management perspective and they have also covered off areas which should not normally result in unforeseen losses but which have the capacity to, eg payroll, accounts payable and other areas that may not come up in an enterprise level risk assessment. CASA (Continuous Audit by Self-Assessment) is a web-based tool to enable people within a company to confirm that controls and procedures and policies are being followed or complied with. CASA is essentially a questionnaire but it is also highly specified to ensure that the questions produce valuable answers that can be acted upon. CASA is also intended to help users, not just get information from them. It is designed to do this by giving users access to online procedures or best practice. By giving users their overall scores immediately and action plans for any improvements required, and by aggregating scores throughout an organization, the tool supports efforts to comply with corporate governance best practice. It also involves users in a positive way by giving the link between controls and procedures manuals, by facilitating training on these procedures and by giving a means of feeding back issues or comments on the operation to the centre. Manage enterprise assets, such as servers, applications or data centers, and their relationships to ensure you are protecting your critical assets according to management expectations. Perform online risk assessments to determine the proper controls to implement on specific assets based on their use and risk to the enterprise. Report incidents, manage their escalation, track investigations and analyze resolutions. Manage controls, processes and interactions with vendors to ensure consistency and compliance with security requirements and to increase the efficiency of business interactions. Automate and manage Sarbanes-Oxley governance initiatives, assess compliance deficiencies by business unit and track remediation processes related to operational risk. Supports the entire Operational Risk Management framework from Risk and Control identification and assessment to action planning, aggregation & reporting Provides credit, market and operational risk measurement in accordance with Basel II guidelines Basic, standard and internal calculation options are pre-built and delivered in an advanced data warehouse based framework for consistency, accuracy and extensibility
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