How and when Businesses choose to allocate information technology spend can pose many challenges and risks. Organizations must strike a balance by achieving the right control environment through risk mitigation, visibility and consistent quality, and the right efficiency across processes and systems, while creating the right value for the business at lower cost. Companies that get it right and keep it right are positioned to see their investments in information technology become truly transformational.
Ensuring spend is linked to Risk is the key – in both Opportunity Risk and Risk mitigation. Delivering value whilst driving the Business forward is the answer. Ensuring spend is linked to value is the result.
In the current economic conditions shareholders, regulators and professional bodies are taking greater interest in not only how companies derive, report, disclose and communicate their financial position but in how opportunities have been addressed. This environment is driving extensive change across both accounting and stakeholder demands.
The current environment requires businesses to be able to address the concerns of their stakeholders and be prepared to change processes in order to adapt. This will allow them to ensure they are positioned to respond to market demands both now and in the future.
I.T. Risk Assurance permits management to make well-informed decisions. Well-informed decisions make for better business. The insight and independent assurance we bring provides an invaluable safeguard in today’s complex Business environment. As your IT systems are a fundamental part of your organisation and therefore your decision making, it makes sense to have the assurance that those systems are operating as they should. In this way, you – and your customers, shareholders and regulators – can trust the decisions you made.
How can we help?
External (Financial Statement) Auditing
We adapt our audit services to fit your unique needs, but what doesn’t change is the exceptional service quality we deliver to all our clients. Whether you’re already at the top or you’re on your way up. The quality of our audit starts with each of our assurance professionals who have the breadth of experience that comes from auditing many of the world’s leading and fastest growing companies and to whom we provide the best available ongoing personal and professional development. We provide a consistent audit by assembling the right multi-disciplinary team to address the most complex issues, using a proven global methodology and deploying the latest, high quality auditing tools and perspectives. And because we understand that, to achieve your potential, you need a tailored service as much as a consistent methodology, we work to give you the benefit of our deep sector knowledge, our full subject matter knowledge and the latest insights from our work worldwide.
Accounting Compliance and Reporting
Accounting compliance and reporting services is focused on helping large, multinational companies meet their financial reporting requirements in the many countries where they do business. Companies across industries are engaged in finance transformation initiatives, marked by expansion into emerging markets, the deployment of Shared Services Centers and the continuous drive for efficiency and lower costs.Our suite of services include Statutory reporting services (delivering statutory financial statements), a range of accounting support to assist the internal finance functions, including Post-general ledger “record” accounting, such as assistance with period close, trial balance compilation, reconciliations, and data gathering and analysis.
Payment Systems Audits
Our organisation is a QSA company. That means we can audit your payment systems to ensure they meet the stringent requirements of the Payment card industry Data security standard. As the standard is an ever evolving one, you need to be assured that your current and future payment systems are Compliant.
We can assist you in employing Security best practices, aligned to the Standard, which streamline the process of achieving and maintaining compliance.
We start by assessing your current position, then we discuss your goals. Finally, we present options to you to better understand the available solutions. All of these options will meet the expectations of your programme sponsor(such as your acquiring bank or processor) and the card brands (Visa, Mastercard, American Express), as quickly and efficiently as possible. Our suite of security solutions and products will confirm that you take the protection of your critical assets seriously and meet compliance requirements head on.
Technology Risk Audits
Technology is essential to running a business and the slightest disruption can have catastrophic results. Ensure you can head problems off before they occur by identifying and managing your IT risks. From protecting your organisation from fraud to spotting vulnerabilities in your IT network, MSC’s range of assurance services can help you manage risks more effectively. We work with you to provide assurance and advice to help you manage and mitigate your risks so that you can move forward with confidence.
Effective I.T. Risk Management delivers many benefits to modern organisations. Implementing physical safeguards such as Perimeter fencing, Security guards and CCTV will keep out the intruders. Implementing secure door systems and enforcing the use of User I.D.’s and password combinations is also a great move but it takes only one disgruntled employee to discover that you have insecure USB drives or inappropriate Policies around the removal of privileges and those safeguards can become worthless.
Best practice in I.T. Security, Data Leakage Prevention strategies and Information Governance can restrict the damage that Users can do to your systems if they decide to cause you harm. By restricting User activities to only those required to conduct their daily tasks, limiting access to data files based on Role and reducing the landscape in which teams operate, Risk is vastly reduced. By implementing monitoring of user activities, systems can also identify anomalous behaviours, shutting down access before harm can be done. Correctly functioning Audit capabilities can also track actions to an individual for investigations and disciplinary action.
Helping Businesses to realise the effectiveness of data leakage prevention through the introduction of intelligent technologies and policy definition is now a fundamental part of our business offering.