Compliance Consulting
A surge of regulatory obligations has increased the focus on compliance issues from meeting regulatory requirements to managing the expense necessary to stay current. There are hundreds of business, financial and information technology regulations. The majority are quite complex and many of them partially overlap each other.
Today’s regulations include the Sarbanes-Oxley Act, the Gramm-Leach-Bliley Act, the Health Insurance Portability and Accountability Act, the Fair Credit Reporting Act, the Fair and Accurate Credit Transactions Act and the Federal Information Security Management Act. (FISMA)
Business owners should work with internal or external experts to develop a cross-functional approach to regulatory compliance. Experts should be certified in information security management, information systems auditing, information technology governance and remediation solutions. A comprehensive compliance approach reduces the costs of internal processes and consulting and auditing fees.
