ERM provides organizations with a program way to deal with business uncertainty and the associated risk and opportunity. By utilizing disciplined operational risk management and compliance programs, firms can manage unexpected outcomes and reduce the impact of risk events when occurred.  ERM encompasses more than balancing risk & reward, driving beyond regulatory compliance

Providing enhanced visibility into the risk landscape, ERM empowers business managers to make smarter decisions that maximize value, reduce costs and balance risk with returns.

We can help you enhance your firm-wide culture and incorporate this into your day-to-day processes at all organization levels of risk management and drive business performance

IT Investments Don’t Have to be Risky!

Your investment in Information Technology (IT) may be a challenging business component to understand and manage.  Technology is constantly changing and IT changes can cascade throughout a company – creating new and unforeseen risks.  Given the complexity of IT systems, Sarbanes-Oxley (SOX), HIPAA, ISO-27001, BS-25999, and PCI requirements and the vulnerabilities in today’s marketplace, the need for Enterprise Risk Management (ERM) and IT governance services has grown substantially in importance.

CLEC Offers Extraordinary Client Service

At CLEC, we deliver client services that clearly support the values and mission of the client firm.  To assist companies in meeting the demand of their IT risks, our IT Risk Management Practice offers:

• Expertise in identifying and assessing IT risks that correlate to business risks, in order to establish risk-based audit plans
•  Expertise in the design, development and/or implementation of corporate IT governance policies, standards and operational procedures, controls, and management reporting
• IT compliance audits for Sarbanes-Oxley (404), HIPAA, PCI-DSS, ISO-27001, BS-25999, Basel II, and others, utilizing COSO, CobiT, Val-IT, GTAG, and other widely used frameworks
• IT operational audits of controls and measured productivity with recommendations for improvement, based on industry “best practices” (e.g., ITIL).

Manage Your IT Risks

CLEC has developed a wide range of services to help manage your IT risks, including:

IT Internal Audits

We assist in achieving good corporate governance by identifying and assessing IT-related business risks, resulting in the development and execution of an internal audit plan designed to mitigate those risks by remediating identified control deficiencies.

Basel II

Sarbanes-Oxley IT

Assist in the auditing, documentation, testing, and remediation of IT control deficiencies to achieve compliance with Sarbanes-Oxley regulations.

SAS-70 Services

Assist outsource service companies with SAS-70 audit readiness for attestation, as a demonstration of effective IT controls and control activities.

Regulatory & Industry Compliance Assessments

Such audit assessments might include: SOX, PCI-DSS, HIPAA, ISO-27001, and BS-25999.

Physical/Logical Security Assessments

Provide organizations with a professional assessment of their environmental, perimeter, and logical IT security infrastructure.

Application Control and ERP Reviews

Assist in the auditing, testing and mitigating of business system risks associated with the use of key business software, as well as assuring the effective use of computer system controls and security measures.

Benefits of Managing Your IT Risks

• Assessment of the current operation and the state of IT risks and their effect on business

• Remediation strategies to help mitigate the identified key IT risks

• Potential process improvement recommenda­tions, based on industry “best practices”

• High powered resources that can drive value and business insight

• Transfer of responsibilities to client staff through our knowledge transfer process
• Understanding the impact of known vulnerabilities

You are invited to obtain our presentation here for your results  Financial Svc Process Improvements and GRC Solutions