Conducting reviews and assessments in the areas of reporting, compliance and operational risks. Most auditors understand financial risks, but Decision Point understands the compliance and operational risks facing our clients – allowing us to provide management with insights that really matter.
SOX and NI 52-109 compliance can be challenging and time consuming. It is well known that managing scope and costs is key for an effective compliance program. Decision Point has extensive experience and a proven methodology to get companies across the finish line.
Using internationally recognized frameworks to effectively identify, assess and manage the risks specific to IT. IT is a vast and often poorly understood field and it is easy to waste time on areas that are either pet projects or threats that, while real, are not significant to the organization.
Conducting assessments of current processes and identifying new approaches to streamline departments resulting in saved time and costs. So many organizations are victims of inherited processes (‘we have always done it this way’ syndrome). A fresh look at processes identifies ways to leverage changes in technology and better address requirements of departments by mapping them to the current environment.
From our experience, risk management is one of the most challenging initiatives for organizations. Described as complex, cumbersome and impractical, many organizations do not see benefit in a formal process to manage risk. But done right, there is immense value. Decision Point provides assistance in implementing a sustainable framework that does produce better results by managing the risks facing organizations.
Production and financial reporting systems generate a wealth of data. Using this data, auditors can enhance audit quality by including ADAs (Audit Data Analytics) on their engagements. Decision Point has the expertise in auditing and data analytic tools to assist auditors in incorporating analytics on their engagements– saving time, reducing costs and lowering their audit risk.