Ongoing, proactive approach to risk management, reducing vulnerabilities and enhancing the robustness of your organisation.
Proactive Risk Identification – Maintain visibility of risks despite continuous change to the technology and threat landscape,
Rapid Response – By rapidly identifying changes to risk posture, risks can be mitigated more quickly.
Business Resilience – Continuous assurance fosters a culture of awareness and resilience, where the organisation is equipped with the information required to plan for disruptions, adapt to new conditions, and maintain continuity of operations.
Continuous assurance contributes to substantial cost savings by optimising business processes, reducing the need for traditional audits, and preemptively preventing financial losses.
Streamline Operations – Continuous assurance identifies inefficiencies in real-time, enabling businesses to streamline their operations, reduce waste, and ultimately save costs.
Reduce Traditional Audits – By continuously monitoring and auditing processes, the necessity and frequency of expensive, time-consuming traditional audits are significantly diminished.
Early Intervention – Through early detection of potential risks and problems, continuous assurance allows for immediate action, preventing larger, more expensive issues down the line.
Continuous assurance enhances transparency by providing a clear, ongoing view into business operations, building trust among stakeholders, and ensuring compliance.
Insight – Real-time, detailed visibility into business operations, making it easy to monitor performance and identify areas for improvement.
Stakeholder Trust – The high level of transparency achieved through continuous assurance strengthens trust among stakeholders, including investors, customers, and regulators
Compliance Assurance – Fosters transparency in regulatory adherence by providing immediate, tangible evidence of compliance, simplifying interactions with regulatory bodies.
Discussions held with the team to explore the history, preferences, constraints, trade offs and any other issues. The aim here is to gain an understanding of the current control environment, and determine the “must haves” for your organisation. This phase also involves understanding the organisation’s business objectives and aligning the scope of continuous assurance accordingly.
Once the assessment is complete, the next step is to develop a detailed plan for the implementation of continuous assurance. This includes selecting the necessary software components, designing the process for continuous monitoring and auditing, ensuring any required alignment with ASD & APRA (CPS 234, etc.) standards, and determining the frequency and format for reporting.
Here, the chosen tools and technologies are installed and activated, and the processes mapped out during the planning phase are launched into operation. Data from various business operations is monitored and analysed continuously or near-real time, facilitating immediate identification and remediation of irregularities or risks. Anomaly detection and response protocols are activated, and the organisation begins to transform into a modern, resilient entity, prepared for the modern threat landscape.