Improve audit efficiency and reduce cost
“Is your organization doing what it’s supposed to be doing?” If you don’t comply with specific rules and regulations, a fine or penalty could be around the corner. Hence, it is important and crucial for any business to follow the standards set in place by the compliance audit that best represents the industry.
Audit and compliance analysis refers to analyzing the data collected in the organization, taking account of the on-going processes to identify inconsistencies and providing detailed investigation of the identified issues and also provides audit evidence against the deviations being identified.
ACA can be beneficial in many ways
BYST Audit and Compliance Analysis are based on industry-accepted standards. It covers all aspects including People, Processes and Technology.
We provide the following Audit services:-
PCI-DSS Readiness Assessment (Payment Card Industry Data Security Standard)
It is a set of security standards designed to ensure that ALL companies that accept, process, store or transmit credit card information maintain a secure environment. The PCI DSS applies to ANY organization, regardless of size or number of transactions, that accepts, transmits or stores any cardholder data.
● Evaluate business processes, IT infrastructure, and credit handling procedures to identify risks to credit card data
● Discover and solve any gaps in security to avoid a data breach based on PCI DSS requirements
SOC 2 Assessment (Systems and Organizational Controls)
Defined by AICPA (The American Institute of Certified Public Accountants) and is a common compliance standard for modern technology companies.
● Focus on Security, privacy, confidentiality, availability and processing integrity
● Types of SOC 2 audits –
1) SOC 2 Type I: Audits’ a venor systems and checks for whether the security controls are properly designed.
2) SOC 2 Type II: Audits the effectiveness of a vendor’s operating systems.
ISO 27001 (International Organization of Standardization)
It is an Information Security Compliance standard that helps companies manage the security of assets, financial information and intellectual property. Helps an organization to understand information security risks and develop an information security management system (ISMS) in order to address the risks identified.
● The audit involves a risk management process that includes people, process and technology, helps align and integrate the IT services with the overall business strategy.
● Assessing the company’s security controls to ensure it’s mitigating risks properly.
HITRUST CSF Readiness Assessment
HITRUST assessments provide organizations with a means to assess and communicate their current state of information security and compliance with internal and external stakeholders along with Corrective Action Plans (CAPs) to address any identified deficiencies.
● HITRUST assessments help organizations evaluate and understand the effectiveness of their cyber preparedness and resilience.
● Providing prescriptive methodologies and granular oversight, ensures consistency and quality of all HITRUST assessments.
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